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)

Abstract: 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)
Pages: 29 pages
Date: 2011-06-01
New Economics Papers: this item is included in nep-com, nep-ene, nep-int and nep-sea
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.ewi.uni-koeln.de/cms/wp-content/upload ... trategic-Players.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

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.
Bibliographic data for series maintained by Sabine Williams ().