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Horizontal divestiture of energy companies: Regional market evidence on coal production and reserve ownership concentration ratios

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  • Page, Walter P.

Abstract

Increasing attention has been given to competitiveness in energy markets, particularly in connection with horizontal divestiture. Of particular interest has been the competitive conditions in coal markets in light of merger activities during the 1960s and 1970s. Many analyses of competitiveness in coal markets have been inadequate, in that attention was not given to reserves or proper definitions of markets. This work examines competitiveness in both production and reserve ownership for a well-defined coal market, the Ohio River Basin region. Results support the hypothesis of competitiveness in both production and reserve ownership.

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  • Page, Walter P., 1980. "Horizontal divestiture of energy companies: Regional market evidence on coal production and reserve ownership concentration ratios," Energy, Elsevier, vol. 5(12), pages 1245-1255.
    • Handle: RePEc:eee:energy:v:5:y:1980:i:12:p:1245-1255
    DOI: 10.1016/0360-5442(80)90066-3
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    Cited by:

    1. Scholtens, Bert & Wagenaar, Robert, 2011. "Revisions of international firms’ energy reserves and the reaction of the stock market," Energy, Elsevier, vol. 36(5), pages 3541-3546.

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