Higashida, Keisaku; Takarada, Yasuhiro - School of Economics, Kwansei Gakuin University - 2012
Using a simple two-period model, this paper examines the effects of the acquisition of mines/resources by a final goods producer located in a resource-importing country on resource prices in both the first (the present) and second (the future) periods, profits of firms, and welfare. We find that...