Abstract
ABSTRACT A cybernetic model for the international tin market is developed to judge the usefulness of methods for stabilizing prices on international raw commodity markets. Both the supply and demand sides are characterized by large time delays. The buffer stock mechanism of the International Tin Agreement may be seen as a kind of controller for the tin market. This controller can smooth price fluctuations but never guarantee high prices. Since this fact was at least partially ignored, long-time feedback effects led to the collapse of the International Tin Agreement in 1985.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
