{"product_id":"the-day-oligopolistic-forces-lost-power-von-thomas-norden-und-joakim-tiberg","title":"The Day Oligopolistic Forces Lost Power","description":"\u003cp\u003eDuring the last decade, the price of iron ore has risen from $13 per   tonne in 2001 to approximately $140 per tonne in 2010. Using commodity   data and theoretical argumentation, this thesis analyses how market   power amongst actors in the iron ore market have influenced and been   affected by different pricing systems, as well as how the price of iron   ore has been affected by the shifts in market power and various pricing   systems. We find that the price trend of iron ore relative demand is   unique when compared to other metals. Evidence suggest that the greatest   single factor behind the recent price development is that the pricing   mechanism shifted from oligopoly pricing to a state converging perfect   pricing in late 2008, causing oligopolistic forces to lose market power.   Further, prices will most likely always be higher under the new pricing   system than they would have been in any given theoretical situation   under the old pricing system.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783848431847\"\u003e\u003ch3\u003e- A descriptive study on iron ore pricing\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783848431847","offer_id":39491280076893,"sku":"9783848431847","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/bf122d03-f12a-4032-8b4d-4c3004736468.jpg?v=1757826989","url":"https:\/\/shop.autorenwelt.de\/en\/products\/the-day-oligopolistic-forces-lost-power-von-thomas-norden-und-joakim-tiberg","provider":"Autorenwelt Shop","version":"1.0","type":"link"}