Kerkvliet, Joe; Shogren, Jason F. - In: Journal of Institutional and Theoretical Economics (JITE) 157 (2001) 4, pp. 608-608
We examine coal contract duration using data on utility coal buyers and supplying mines in the Powder River Basin. Duration determinants are (1) measures of buyers' and sellers' transaction-specific investments and (2) trading and market experience. The results largely support transaction-cost...