Preemption games: theory and experiment
American Economic Review
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Abstract
El Mutún, perhaps the world's largest remaining iron ore deposit, was opened to private investors in the 1980s but, due to the high cost of developing the remote Bolivian site, there were no takers for two decades. In late 2005, spurred by rising commodity prices, the Brazilian company EBX finally seized the opportunity, preempting rivals based in China and India. Numerous similar examples can be found in the annals of mining and oil companies (Raymond F. Mikesell et al. 1971).
| Publication type | Article |
|---|---|
| Publication Subtype | Journal Article |
| Title | Preemption games: theory and experiment |
| Series title | American Economic Review |
| DOI | 10.1257/aer.100.4.1778 |
| Volume | 100 |
| Issue | 4 |
| Year Published | 2010 |
| Language | English |
| Publisher | American Economic Association |
| Publisher location | Nashville, TN |
| Contributing office(s) | Eastern Energy Resources Science Center, National Minerals Information Center |
| Description | 26 p. |
| First page | 1778 |
| Last page | 1803 |