Schemat arbitrażowy Nasha, a podział zysków w bilateralnym monopolu kopalni węgla brunatnego i elektrowni. Cześć pierwsza – podstawy teoretyczne<BR>[Nash bargaining solution and the split of profit in bilateral monopoly of lignite opencast mine and power plant. Part one – theoretical background]

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Schemat arbitrażowy Nasha, a podział zysków w bilateralnym monopolu kopalni węgla brunatnego i elektrowni. Cześć pierwsza – podstawy teoretyczne
[Nash bargaining solution and the split of profit in bilateral monopoly of lignite opencast mine and power plant. Part one – theoretical background]

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Jurdziak, Leszek

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Leszek Piotr Jurdziak

Abstract

The newest findings in analysis of bilateral monopoly (BM) of lignite opencast mine & power plant have been discussed. The determinism of optimal solution not only in quantity of lignite (the size and shape of the ultimate pit) but also in its price has been depicted. It has been proposed to treat negotiation between power plant and mine as a two stage, cooperative, non-zero sum two-person game. In the first stage the ultimate pit maximizing the joint profit of BM would be chosen and in the second during bargaining the split of profit would be decided together with the transfer price of lignite. The differences of strategic and tactical negotiations have been depicted and the needs of frequent adjustments to changing conditions have been stressed. It has been proposed to treat this adjustment as a real option to change scale of activity. The Nash bargaining solution has been proposed as a tool for equitable split of profit in BM and conditions of good solution have been discussed.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4142.

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Date of creation: 17 Jan 2006
Date of revision: 17 Jan 2006
Publication status: Published in Górnictwo Odkrywkowe (Opencast Mining) No.1-2.Vol. XLIX(2007): pp. 73-80
Handle: RePEc:pra:mprapa:4142

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Find related papers by JEL classification:
Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
D4 - Microeconomics - - Market Structure and Pricing
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information
C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
L00 - Industrial Organization - - General - - - General
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April. [Downloadable!] (restricted)
Jurdziak, Leszek, 2006. "Odkrywkowa kopalnia węgla brunatnego i elektrownia jako bilateralny monopol w ujęciu klasycznym," MPRA Paper 530, University Library of Munich, Germany, revised 20 Oct 2006. [Downloadable!]
Blair, Roger D & Kaserman, David L, 1987. "A Note on Bilateral Monopoly and Formula Price Contracts," American Economic Review, American Economic Association, vol. 77(3), pages 460-63, June. [Downloadable!] (restricted)

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Jurdziak, Leszek, 2006. "Influence of structure and ownership of lignite opencast mine and power plant bilateral monopoly on its operation," MPRA Paper 2467, University Library of Munich, Germany, revised 20 Mar 2007. [Downloadable!]
Jurdziak, Leszek, 2006. "Lignite price negotiation between opencast mine and power plant as a two-stage, two-person, cooperative, non-zero sum game," MPRA Paper 1600, University Library of Munich, Germany, revised 24 Sep 2006. [Downloadable!]
Jurdziak, Leszek, 2006. "Lignite price and split of profit negotiation in bilateral monopoly of lignite opencast mine and power plant," MPRA Paper 2466, University Library of Munich, Germany, revised 20 Mar 2007. [Downloadable!]
Jurdziak, Leszek, 2006. "Schemat arbitrażowy Nasha, a podział zysków w bilateralnym monopolu kopalni węgla brunatnego i elektrowni. Cześć druga – zastosowania w negocjacjach strategicznych i taktycznych
[Nash barga," MPRA Paper 4163, University Library of Munich, Germany, revised 27 Jan 2006. [Downloadable!]

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