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dc.contributor.authorHaftendorn, Clemensen_US
dc.contributor.authorHolz, Franziskaen_US
dc.date.accessioned2008-12-02en_US
dc.date.accessioned2009-08-06T13:20:22Z-
dc.date.available2009-08-06T13:20:22Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/27341-
dc.description.abstractWith its resource availability and the prospect of climate friendly technology, coal continues to play an important role in the global energy sector. We develop a complementarity model of the international market for steam coal. We want to analyze the level of competition in this market which is strategic for the importers' security of energy supply. In a spatial equilibrium framework, we assume the steam coal exporters to maximize their profits by choosing the optimal quantity to sell to each importing country. We compare two possible scenarios: perfect competition and Cournot competition. The results, especially the price levels, indicate that the Cournot model is not realistic, suggesting that the producing countries do not exert market power. However, the trade flows and prices observed in reality suggests that there is some form of market power with price discrimination, possibly following a Bertrand model in a spatial setting.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 818en_US
dc.subject.jelL11en_US
dc.subject.jelL72en_US
dc.subject.jelC69en_US
dc.subject.ddc330en_US
dc.subject.keywordCoalen_US
dc.subject.keywordenergyen_US
dc.subject.keywordmarket structureen_US
dc.subject.keywordsimulation modelen_US
dc.subject.stwKohlenmarkten_US
dc.subject.stwMarktstrukturen_US
dc.subject.stwKohleen_US
dc.subject.stwAußenhandelen_US
dc.subject.stwDuopolen_US
dc.subject.stwRäumliche Gleichgewichtstheorieen_US
dc.subject.stwWelten_US
dc.titleAnalysis of the world market for steam coal using a complementarity modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn586167463en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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