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dc.contributor.authorÅdland, Roar Os
dc.contributor.authorStrandenes, Siri Pettersen
dc.date.accessioned2006-08-03T07:38:26Z
dc.date.available2006-08-03T07:38:26Z
dc.date.issued2004-03
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/162776
dc.description.abstractThis paper presents a stochastic extension of the classical partial equilibrium models of the spot freight market. The supply in the model is based on microeconomic analysis of the supply characteristics of a given fleet and orderbook, in this case the VLCC fleet, and stochastic demolition and ordering behaviour. Combined with stochastic demand, the model is used to simulate scenarios for the future VLCC spot freight rate.en
dc.format.extent90852 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Economicsen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2004:11en
dc.subjectstochastic partial equilibriumen
dc.subjectbulk shippingen
dc.subjectspot freight ratesen
dc.subjecttankersen
dc.titleA discrete-time stochastic partial equilibrium model of the spot freight marketen
dc.typeWorking paperen


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