The determinants of coal contract duration for the Powder River Basin

Journal of Institutional and Theoretical Economics

Volumn 157, Issue 4, 2001, Pages 608-622

  Kerkvliet, Joe ^a   Shogren, Jason F ^b  

^a OREGON STATE UNIVERSITY   (United States)

^b UNIVERSITY OF WYOMING   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0035528345     PISSN: 09324569     EISSN: None     Source Type: Journal    
DOI: 10.1628/0932456012974530     Document Type: Article

References (37)

1. ACHESON, J. [1985], "The Maine Lobster Market: Between Market and Hierarchy," Journal of Law, Economics, and Organization, 1, 385-398.
2. ALCHIAN, A., AND S. WOODWARD [1988], "The Firm is Dead; Long Live the Firm: A Review of Oliver E. Williamson's 'The Economic Institutions of Capitalism'," Journal of Economic Literature, 26, 65-79.
3. ATKINSON, S., AND J. KERKVLIET [1986], "Measuring the Multilateral Allocation of Rents: Wyoming Low-Sulfur Coal," RAND Journal of Economics, 17, 416-429.
4. - AND - [1989], "Dual Measures of Monopoly and Monopsony Power: An Application to Regulated Electric Utilities," Review of Economics and Statistics, 71, 250-257.
5. CANO, C. [1985] "Long-Term Contracts will Return, but they will Provide New Flexibility," Coal Week, August 12, p. 7.
6. COASE, R. [1992], "The Institutional Structure of Production," American Economic Review, 82, 713-719.
7. CORIO, M., AND A. CONDREN [1984], "Which Coal at Which Cost?" Public Utilities Fortnightly, 113, 32-36.
8. CROCKER, K., AND S. MASTEN [1988], "Mitigating Contractual Hazards: Unilateral Options and Contract Length," RAND Journal of Economics, 19, 327-333.
9. GLASS, G. [1980], Coal Production and Summary of Coal Contracts, Wyoming State Geological Survey: Laramie.
10. - [1985], Coal Production and Summary of Coal Contracts, Wyoming State Geological Survey: Laramie.
11. GOLDBERG, V., AND J. ERICKSON [1987], "Quantity and Price Adjustment in Long Term Contracts: A Case Study of Petroleum Coke," Journal of Law and Economics, 30, 369-398.
12. JOSKOW, P. [1985], "Vertical Integration and Long-Term Contracts: The Case of Coal-Burning Electric Generating Plants," Journal of Law, Economics, and Organization, 1, 33-80.
13. - [1987], "Contract Duration and Relation-Specific Investment: Empirical Evidence from Coal Markets," American Economic Review, 77, 168-185.
14. - [1990], "The Performance of Long-Term Contracts: Further Evidence from Coal Markets," RAND Journal of Economics, 21, 251-274.
15. KERKVLIET, J. [1991], "Efficiency and Vertical Integration: The Case of Mine-Mouth Electric Generating Plants," Journal of Industrial Economics, 39, 467-482.
16. KLEIN, B., AND K. LEFFLER [1981], "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, 89, 615-641.
17. LAFONTAINE, F. M., AND SLADE [1997], "Retain Contracting: Theory and Practice," Journal of Industrial Economics, 65, 1-25.
18. LYONS, B. [1994], "Contract Specific Investment: An Empirical Test of Transaction Cost Theory," Journal of Economics and Management Strategy, 3, 257-278.
19. - [1996], "Empirical Relevance of Efficient Contract Theory: Inter-Firm Contracts," Oxford Review of Economic Policy, 12, 27-52.
20. MADDALA, G. [1977], Econometrics, McGraw-Hill: New York.
21. MASTEN, S. [2001], "Contractual Choice," forthcoming in: B. Boukaert and G. DeGeest, (eds.), Encyclopedia of Law and Economics, Edward Elgar Publishing: Cheltenham, United Kingdom.
22. - AND S. SAUSSIER [2000], "Econometrics of Contracts: An Assessment of Developments in the Empirical Literature on Contracting," Revue D'Economie Industrielle, 92, 215-236.
23. -, J. MEEHAN, AND E. SNYDER [1989], "Vertical Integration in the U.S. Auto Industry: A Note on the Influence of Transaction Specific Investments," Journal of Economic Behavior and Organization, 12, 265-273.
24. -, -, AND - [1991], "The Costs of Organization," Journal of Law, Economics, and Organization, 7, 1-25.
25. NOORDERHAVEN, N. [1996], "Opportunism and Trust in Transaction Cost Economics," pp. 105-128 in: J. Groenewegn (ed.), Transaction Cost Economics and Beyond, Kluwer Academic Press: Boston, MA.
26. PIRRONG, S. [1993], "Contracting Practices in Bulk Shipping Markets: A Transaction Cost Approach," Journal of Law and Economics, 36, 937-976.
27. PITTMAN, R. [1991], "Specific Investments, Contracts, and Opportunism: The Evolution of Railroad Sidetrack Agreements," Journal of Law and Economics, 34, 565-589.
28. RIORDAN, M., AND O. WILLIAMSON [1985], "Asset Specificity and Economic Organization," International Journal of Industrial Organization, 3, 365-378.
29. SAUSSIER, S. [1999], "Transaction Cost Economics and Contract Duration: An Empirical Analysis of EDF Coal Contracts," Louvain Economic Review, 65, 3-21.
30. SHELANSKI, H., AND P. KLEIN [1995], "Empirical Research in Transaction Cost Economics: A Review and Assessment," Journal of Law, Economics, and Organization, 11, 335-361.
31. U.S. DEPARTMENT OF THE INTERIOR [1981], Powder River Basin Coal, Final Environmental Impact Statement, U.S. Department of the Interior: Casper, WY.
32. WILLIAMSON, O. [1971], "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, 61, 112-127.
33. - [1979], "Transaction Cost Economics: The Governance of Contractual Relations," Journal of Law and Economics, 22, 233-261.
34. - [1985a], The Economic Institutions of Capitalism, Free Press: New York.
35. - [1985b], "Reflections on the New Institutional Economics," Journal of Institutional and Theoretical Economics, 141, 187-195.
36. - [1996], The Mechanisms of Governance, Oxford University Press: New York.
37. WOODRUFF, C. [1993], "Incomplete Contracts, Repeated Transactions and Vertical Integration: Manufacturer-Retailer Integration in the Mexican Footwear Industry," Working Paper, University of Texas at Austin.