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Negocjacje pomiędzy kopalnią węgla brunatnego a elektrownią jako kooperacyjna, dwuetapowa gra dwuosobowa o sumie niezerowej

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  • Jurdziak, Leszek

Abstract

Lignite price negotiation between opencast mine and power plant as a two-stage, two-person, cooperative, non-zero sum game. Based on the simple model of the lignite deposit the methodology of finding the optimal solution for bilateral monopoly (BM) of lignite mine and power plant is shown taking into account nested pits generated by the pit optimisation process. It is proposed to treat lignite price negotiation as a kind of two-stage game. In the first step (cooperative) both sides should select the ultimate pit maximising joint profits of BM and in the second one (competitive) the agreement should be achieved regarding profit division. This can be realised through side payments or by establishing the lignite transfer price. Lack of cooperation and opportunism can lead to the suboptimal solution – excavation of the smaller pit. Due to existence of information asymmetry and the mine predominant strategy attainment of the optimal solution is more probably in vertically integrated firms. Dynamic adjustments of LOM BM plan to short-term changes of energy market using optimisation techniques, BM model, game theory and their valuation as real options is the new direction of further research.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 478.

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Date of creation: 20 Feb 2006
Date of revision: 20 Feb 2000
Handle: RePEc:pra:mprapa:478

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Keywords: bilateral monopoly; opencast mine; pit optimisation; price negotiation;

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  1. Underwood, Robert & Tolwinski, Boleslaw, 1998. "A mathematical programming viewpoint for solving the ultimate pit problem," European Journal of Operational Research, Elsevier, vol. 107(1), pages 96-107, May.
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Cited by:
  1. 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.
  2. Jurdziak, Leszek, 2006. "Wpływ struktury organizacyjno-właścicielskiej na funkcjonowanie bilateralnego monopolu kopalni węgla brunatnego i elektrowni," MPRA Paper 533, University Library of Munich, Germany, revised 23 Oct 2006.
  3. Jurdziak, Leszek, 2006. "Cena węgla brunatnego jako wyznacznik podziału zysku w układach kopalń i elektrowni. Część I – Propozycje podziału
    [Lignite price as a determinant of the split of profit in systems of min
    ," MPRA Paper 2384, University Library of Munich, Germany, revised 27 Mar 2007.
  4. Jurdziak, Leszek, 2006. "Cena węgla brunatnego jako wyznacznik podziału zysku w układach kopalń i elektrowni. Część II – Formuły cen węgla brunatnego
    [Lignite price as a determinant of the split of profit in sys
    ," MPRA Paper 2385, University Library of Munich, Germany, revised 27 Mar 2007.
  5. Jurdziak, Leszek, 2006. "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 p
    ," MPRA Paper 4142, University Library of Munich, Germany, revised 17 Jan 2006.

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