Modeling Freight Markets for Coal

In this paper we study bulk shipping of coal between the central regions in the world. We compare the performance of cost-minimizing models with a gravity model approach. The main finding in the paper is that cost minimizing models provide relative poor fits to data. A simple one parameter gravity model, however, provides very satisfactory fits to observed behaviour.

MoreLess

Year of publication:	2009-02-10
Authors:	Andersson, Jonas ; Jörnsten, Kurt ; Strandenes, Siri Pettersen ; Ubøe, Jan
Institutions:	Institutt for foretaksøkonomi, Norges Handelshøyskole (NHH)
Subject:	Bulk freight \| cost efficiency \| gravity modeling

More details

Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Discussion Papers Number 2008/26 13 pages
Classification:	F10 - Trade. General ; F17 - Trade Forecasting and Simulation ; R41 - Transportation: Demand; Supply; Congestion; Safety and Accidents
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005645020