Economics of scale and economics of time in Zambian copper mining
In a study oriented toward development policy, a natural point of departure is the examination of conditions under which the optimal policy is non-intervention in free markets. It is then possible to stipulate certain distortions in the conditions which indicate non intervention, or particular aims of government in addition to the promotion of development, which justify various government actions. In this paper, we look at only one set of conditions which render free markets no optimal, namely the existence of distortions in capital markets, and then we investigate the extent to which such distortions may be indicated in one industry in one country, namely copper mining in Zambia. No attempt is made to distinguish which of the several types of government intervention would be most beneficial under various circumstances.
| Format: | Technical paper biblioteca |
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| Language: | eng |
| Published: |
1972-03
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