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dc.contributor.authorHaftendorn, Clemensen
dc.contributor.authorHolz, Franziskaen
dc.date.accessioned2008-12-02-
dc.date.accessioned2009-08-06T13:20:22Z-
dc.date.available2009-08-06T13:20:22Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x818en
dc.subject.jelL11en
dc.subject.jelL72en
dc.subject.jelC69en
dc.subject.ddc330en
dc.subject.keywordCoalen
dc.subject.keywordenergyen
dc.subject.keywordmarket structureen
dc.subject.keywordsimulation modelen
dc.subject.stwKohlenmarkten
dc.subject.stwMarktstrukturen
dc.subject.stwKohleen
dc.subject.stwAußenhandelen
dc.subject.stwDuopolen
dc.subject.stwRäumliche Gleichgewichtstheorieen
dc.subject.stwWelten
dc.titleAnalysis of the world market for steam coal using a complementarity model-
dc.type|aWorking Paperen
dc.identifier.ppn586167463en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp818en

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