Financial and economic factors affecting the lignite prices in Turkey: An analysis of Soma and Can lignites
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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Paul L. Joskow, 1987. "Price Adjustment in Long Term Contracts: The Case of Coal," Working papers 444, Massachusetts Institute of Technology (MIT), Department of Economics.
- 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.
- 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.
- 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.
- Hacisalihoglu, Bilge, 2008. "Turkey's natural gas policy," Energy Policy, Elsevier, vol. 36(6), pages 1867-1872, June.
- Tang, Christopher S. & Yin, Rui, 2007. "Responsive pricing under supply uncertainty," European Journal of Operational Research, Elsevier, vol. 182(1), pages 239-255, October.
- 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.
- 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.
- 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. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:33:y:2008:i:4:p:230-239. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.