| Abstract: | The basic intention of this paper is to present some new economic results pertaining to the world coal market. These results deal principally with the effect of devaluations on production; the effect of ‘volume’ and depletion on the calculation of marginal cost; and price formation in a stock flow market. Observations are also made in the paper concerning the use of combined cycle technology in coal based power plants, and present supply-demand trends in the world coal market, to include the development of (sea) freight rates. |
