| Summary: | This article contributes to the literature regarding non-renewable
resource extraction and production by using historical accounts
and newly-collected county coal mining production, average
value, and employment data, spanning the entire United States
from 1900 to 1976, to analyze how fluctuations in prices and
technology impacted the production decisions of the coal mining
industry at the county level in the United States. It provides a
description of how coal production, technology, and average
prices changed throughout the twentieth century. It also provides
evidence that coal producers responded in a significant way to
variation in national and local coal prices, and that coal
producers were aware of, and responded at the local level to, the
behavior of past coal prices.
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