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Financial and economic factors affecting the lignite prices in Turkey: An analysis of Soma and Can lignites

Listed author(s):
  • Uner, Mithat
  • Kose, Nezir
  • Gokten, Soner
  • Okan, Pinar

Using a simultaneous equation econometric model based on yearly data between 1997 and 2006 for the Aegean Lignite Enterprise this study examines factors that affect the lignite price in Turkey. The Aegean Lignite Enterprise produces and sells the lignite of Soma and Can and their data reflect the general Turkish situation. The results suggest that (1) lignite prices sold to the industry increase (decrease) depending on the decrease (increase) in the industrial production and (2) total electricity production and electricity price are the most important factors that potential investors and related persons have to take into consideration for the pricing of lignite in the thermal power plant market.

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Article provided by Elsevier in its journal Resources Policy.

Volume (Year): 33 (2008)
Issue (Month): 4 (December)
Pages: 230-239

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Handle: RePEc:eee:jrpoli:v:33:y:2008:i:4:p:230-239
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  1. Joskow, Paul L, 1988. "Price Adjustment in Long-term Contracts: The Case of Coal," Journal of Law and Economics, University of Chicago Press, vol. 31(1), pages 47-83, April.
  2. Elevli, Sermin & Demirci, Ahmet, 2006. "Developing of a pricing model for Turkish lignite used in thermal plants," Resources Policy, Elsevier, vol. 31(1), pages 50-55, March.
  3. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
  4. Yilmaz, Ali Osman & Uslu, Tuncay, 2007. "The role of coal in energy production--Consumption and sustainable development of Turkey," Energy Policy, Elsevier, vol. 35(2), pages 1117-1128, February.
  5. Hacisalihoglu, Bilge, 2008. "Turkey's natural gas policy," Energy Policy, Elsevier, vol. 36(6), pages 1867-1872, June.
  6. Tang, Christopher S. & Yin, Rui, 2007. "Responsive pricing under supply uncertainty," European Journal of Operational Research, Elsevier, vol. 182(1), pages 239-255, October.
  7. Lau, Amy Hing Ling & Lau, Hon-Shiang & Wang, Jian-Cai, 2007. "Pricing and volume discounting for a dominant retailer with uncertain manufacturing cost information," European Journal of Operational Research, Elsevier, vol. 183(2), pages 848-870, December.
  8. Zhou, Yong-Wu, 2007. "A comparison of different quantity discount pricing policies in a two-echelon channel with stochastic and asymmetric demand information," European Journal of Operational Research, Elsevier, vol. 181(2), pages 686-703, September.
  9. Joskow, Paul L, 1987. "Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets," American Economic Review, American Economic Association, vol. 77(1), pages 168-185, March.
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