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Modeling freight markets for coal

Author

Listed:
  • Jan Ubøe

    (Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway)

  • Jonas Andersson

    (Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway)

  • Kurt Jörnsten

    (Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway)

  • Siri Pettersen Strandenes

    (Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway)

Abstract

In 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

Suggested Citation

  • Jan Ubøe & Jonas Andersson & Kurt Jörnsten & Siri Pettersen Strandenes, 2009. "Modeling freight markets for coal," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 11(3), pages 289-301, September.
  • Handle: RePEc:pal:marecl:v:11:y:2009:i:3:p:289-301
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    References listed on IDEAS

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    1. Daniel C. Knudsen & A. Stewart Fotheringham, 1986. "Matrix Comparison, Goodness-of-Fit, and Spatial Interaction Modeling," International Regional Science Review, , vol. 10(2), pages 127-147, August.
    2. Choi, E. Kwan & Harrigan, James, 2003. "Handbook of International Trade," Staff General Research Papers Archive 11375, Iowa State University, Department of Economics.
    3. 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.
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    Citations

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    Cited by:

    1. 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), September.
    2. repec:pal:marecl:v:19:y:2017:i:4:d:10.1057_s41278-017-0075-7 is not listed on IDEAS
    3. repec:pal:marecl:v:19:y:2017:i:2:d:10.1057_mel.2015.27 is not listed on IDEAS

    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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