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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Determinants of Contract Duration: Further Evidence from Coal-Fired Power Plants
Author(s): Kozhevnikova, Maria
Lange, Ian
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Keywords: coal
contract duration
transaction costs
Issue Date: May-2009
Citation: Kozhevnikova M & Lange I (2009) Determinants of Contract Duration: Further Evidence from Coal-Fired Power Plants, Review of Industrial Organization, 34 (3), pp. 217-229.
Abstract: Transactions cost theory predicts that the availability of alternatives is one of the determinants of contract duration. Over the last 20 years, the coal market has seen many regulatory changes that have generally increased the number of alternatives in the process of procuring coal. In this paper data from long-term coal contracts for electricity generation signed before 1999 are used to estimate the effect of increasing alternatives on contract duration. Empirical results tend to match transactions cost theory that increased alternatives reduces contract duration.
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Rights: Published in Review of Industrial Organization by Springer. The original publication is available at

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