Preemption games: theory and experiment
January 1, 2010
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).
Citation Information
Publication Year | 2010 |
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Title | Preemption games: theory and experiment |
DOI | 10.1257/aer.100.4.1778 |
Authors | Steven T. Anderson, Daniel Friedman, Ryan Oprea |
Publication Type | Article |
Publication Subtype | Journal Article |
Series Title | American Economic Review |
Index ID | 70037613 |
Record Source | USGS Publications Warehouse |
USGS Organization | Eastern Energy Resources Science Center; National Minerals Information Center |