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Modeling Freight Markets for Coal

Jonas Andersson, Kurt Jörnsten, Siri Strandenes () and Jan Ubøe ()

No 2008/26, Discussion Papers from Norwegian School of Economics, Department of Business and Management Science

Abstract: 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.

Keywords: Bulk freight; cost efficiency; gravity modeling (search for similar items in EconPapers)
JEL-codes: F10 F17 R41 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2009-02-10
New Economics Papers: this item is included in nep-ene
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http://hdl.handle.net/11250/163960 (application/pdf)

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