With its resource availability and the prospect of climate friendly technology, coal continues to play an important … role in the global energy sector. We develop a complementarity model of the international market for steam coal. We want to … equilibrium framework, we assume the steam coal exporters to maximize their profits by choosing the optimal quantity to sell to …

In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value … chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in … particular, we combine data on steam coal prices with freight rates, covering the period December 2001 until August 2009 at …