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 behavior. Maritime Economics & Logistics (2009) 11, 289–301. doi:10.1057/mel.2009.10

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Year of publication:	2009
Authors:	Ubøe, Jan ; Andersson, Jonas ; Jörnsten, Kurt ; Strandenes, Siri Pettersen
Published in:	Maritime Economics and Logistics. - Palgrave Macmillan, ISSN 1479-2931. - Vol. 11.2009, 3, p. 289-301
Publisher:	Palgrave Macmillan

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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