Market Power and Commodity Prices: Brazil, Chile and the United States, 1820s-1930

Arbeitspapier

The paper focuses on market power by certain countries in specific commodity markets as a crucial factor in explaining the level of protection. It is argued that a country which is a price maker in the world market of a specific commodity might affect its world price through export taxes, import taxes and commodity stockpiling. Standard reduced form equations were estimated to test if significant market shares in international markets of Brazilian coffee, Chilean saltpetre and US cotton implied domestic variables were relevant for the determination of the corresponding world commodity prices. Results suggest the producers succeeded in passing through increases in internal costs to the relevant world commodity price.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Texto para discussão ; No. 511

Classification and Topics

• Classification: Wirtschaft ; Economic History: Transport, Trade, Energy, Technology, and Other Services: U.S.; Canada: Pre-1913 ; Economic History: Transport, Trade, Energy, Technology, and Other Services: Latin America; Caribbean ; Trade Policy; International Trade Organizations ; Empirical Studies of Trade
• Subject: Rohstoffpreis ; Marktmacht ; Brasilien ; Chile ; USA

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): de Paiva Abreu, Marcelo ; Fernandes, Felipe Tâmega
• Event: Veröffentlichung
• (who): Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia
• (where): Rio de Janeiro
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/175994
• Last update: 10.03.2025, 11:45 AM CET