Gerking, Shelby; Hamilton, Stephen F. - In: Resource and Energy Economics 32 (2010) 3, pp. 327-340
Following the U.S. Clean Air Act Amendments of 1990, electric utilities dramatically increased their utilization of low-sulfur coal from the Powder River Basin (PRB). Recent studies indicate that railroads hauling PRB coal exercise a substantial degree of market power and that relative price...