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- W179989088 abstract "This report examines the empirically established relationship between coal prices and mine productivity. Literature on this topic is critically reviewed, and a conceptual model using the neoclassical theory of the firm is developed. In addition, industry-structure arguments related to firm composition, producer concentration, and firm goals are explored. The conceptual models are tested using mine-level data from the 1970s. The major conclusion of the study is that the coal industry responds to price changes in a manner that is consistent with a competitive, dynamic industry, implying that the coal industry is utilizing limited productive resources (land, labor, capital, energy) in an efficient manner. Therefore, one would expect higher production costs and reduced productivity as the industry attempts to meet the increased demand for coal expressed in higher prices - hence, an inverse price-productivity relationship. Ways in which this relationship can be improved include reviewing regulations and enforcement procedures, improving labor relations, opening new low-cost reserves on public lands, and improving mining technology." @default.
- W179989088 created "2016-06-24" @default.
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- W179989088 date "1981-09-01" @default.
- W179989088 modified "2023-09-27" @default.
- W179989088 title "Investigation of coal prices and mine productivity" @default.
- W179989088 hasPublicationYear "1981" @default.
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