Odkrywkowa kopalnia węgla brunatnego i elektrownia jako bilateralny monopol w ujęciu klasycznym

Leszek Jurdziak ()

MPRA Paper from University Library of Munich, Germany

Abstract: Opencast lignite mine and power plant as a bilateral monopoly in classical solution Based on example of opencast lignite mine and power plant operating on liberalized energy market the classical solution maximizing joint profits of bilateral monopoly has been presented. The graphic solution of finding the optimal quantity of coal production and contract curve has been presented based on demand, marginal revenue and cost curves. The advantage of vertical integration has been shown as well as alternative possibility of finding optimal solution using formula price contracts with agreed profit division. The need of further adaptation of presented classical bilateral model and its solution has been stressed in order to take into account restrictions imposed by the fact that one side of bilateral monopoly is an opencast mine exploiting unique lignite deposit. Usage of mining optimization programs has been proposed to determine supply of coal and cost curves.

Keywords: bilateral monopoly; open pit optimisation; lignite price; contract curve; price negotiation (search for similar items in EconPapers)
JEL-codes: D43 L11 L14 L72 (search for similar items in EconPapers)
Date: 2006-10-20, Revised 2006-10-20
New Economics Papers: this item is included in nep-ene and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:530

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