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Coal markets and hierarchies

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MIT-EL-79-029WP-05768549.pdf

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Author(s)
Vogelsang, Ingo
Date Issued
June 1979
Publisher
MIT Energy Laboratory
Series/Report no.
MIT-EL
79-029WP
Abstract
In "Markets and Hierarchies" (1975) Oliver Williamson has developed a heuristic framework (Organization Failures Framework = OFF) to attack the issue of institutional borderlines between markets and firms. Below we discuss this concept and apply it to local coal markets. Differences in larger domestic and international coal markets then cast some doubts on the practical usefulness of the approach.
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Errata sheet inserted.
Subjects
Coal trade.
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