Nations as Strategic Players in Global Commodity Markets: Evidence from World Coal Trade
Moritz Paulus (),
Johannes Trueby and
Christian Growitsch ()
No 2011-4, EWI Working Papers from Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)
We explore the hypothesis that export policies and trade patterns of national players in the steam coal market are consistent with non-competitive market behavior. We test this hypothesis by developing an equilibrium model which is able to model coal producing nations as strategic players. We explicitly account for integrated seaborne trade and domestic markets. The global steam coal market is simulated under several imperfect market structure setups. We ﬁnd that trade and prices of a China - Indonesia duopoly ﬁt the real market outcome best and that real Chinese export quotas in 2008 were consistent with simulated exports under a Cournot-Nash strategy.
Keywords: Strategic National Trade; Imperfect Competition; Steam Coal; China; Indonesia (search for similar items in EconPapers)
JEL-codes: C61 F10 L13 L71 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-ene, nep-int and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
http://www.ewi.uni-koeln.de/fileadmin/user_upload/ ... trategic-Players.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:ewikln:2011_004
Access Statistics for this paper
More papers in EWI Working Papers from Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI) Contact information at EDIRC.
Series data maintained by Sabine Williams ().