@alexcobham - actually figure comes from d between Swiss export price & world price (x Zam to Sw export volume) - or have I misunderstood?
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Replying to @MForstater
@MForstater Zambia 80% is that difference indeed; but the problem documented applies to *both* prices to Sui below world P, & from Sui above2 replies 0 retweets 0 likes -
Replying to @alexcobham
@alexcobham - ok, so the two articles I linked to both misunderstand the claim being made in the Zambia-Switzerland-Copper example then?1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater Framing also fine if you consider the price declared as received by a major commodity trader as a reasonable world market price2 replies 0 retweets 0 likes -
Replying to @alexcobham
@MForstater But my sense is that you think the whole exercise problematic, rather than any individual's framing of it in passing.1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater If so, do you think it would be more productive to discuss your substantive concerns?1 reply 0 retweets 0 likes -
Replying to @alexcobham
@alexcobham I think it's productive to understand the evidence, & I think this case is widely misunderstood (I did too when I 1st heard it)1 reply 0 retweets 0 likes -
Replying to @MForstater
@alexcobham - substantively I think if sw traders were selling commodities much more expensively than anyone else, it wld hv been noticed!1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater Great, that's a useful starting point. So, given that this is what Switzerland declares, what do you think explains it?2 replies 0 retweets 0 likes -
Replying to @alexcobham
@MForstater Here's a few possibilities. Others to add? Views on these?pic.twitter.com/iannCWSiqJ
3 replies 1 retweet 0 likes
. @alexcobham Seriously? These the most likely reasons why the customs declaration on a 10kg box of rocks might not reflect world price??
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