Modeling freight markets for coal
AbstractIn 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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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Maritime Economics & Logistics.
Volume (Year): 11 (2009)
Issue (Month): 3 (September)
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Other versions of this item:
- F10 - International Economics - - Trade - - - General
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion
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- Anas, Alex, 1983. "Discrete choice theory, information theory and the multinomial logit and gravity models," Transportation Research Part B: Methodological, Elsevier, vol. 17(1), pages 13-23, February.
- Choi, E. Kwan & Harrigan, James, 2003. "Handbook of International Trade," Staff General Research Papers 11375, Iowa State University, Department of Economics.
- Katarzyna Kopczewska, 2013. "Roads as Channels of Centrifugal Policy Transfer: A Spatial Interaction Model Revised," Contemporary Economics, University of Finance and Management in Warsaw, vol. 7(3), October.
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