Hecking Harald, Panke Timo
Titre Ouvrage:The global markets for coking coal and iron ore — Complementary goods, integrated mining companies and strategic behavior
Édition:Energy Economics, vol. 52
The global market for coking coal is linked to the global market for iron ore since both goods are complementary inputs in pig iron production. Moreover, international trade of both commodities is highly concentrated, with only a few large companies active on both input markets. Given this setting, the paper presented investigates the strategy of quantity-setting (Cournot) mining companies that own both a coking coal and an iron ore division.