A Timber Market Model for Analyzing Roundwood Product Interdependencies

Authors: Greber, Brian J.; Wisdom, Harold W.

Source: Forest Science, Volume 31, Number 1, 1 March 1985 , pp. 164-179(16)

Publisher: Society of American Foresters

Buy & download fulltext article:

Price: $29.50 plus tax (Refund Policy)

Abstract:

A mathematical programming model for estimating regional production equilibria in multiple timber product markets (e.g., fuelwood, pulpwood, and saw log markets) is presented. Timber supply is modeled as a joint production process, with quality constraints that bound the feasible combinations of outputs within each species class. Allowances are made for a variety of forms of demands and costs. An empirical application of the model focuses upon the impacts of increased fuelwood prices on conventional timber product markets. This application demonstrates the model's ability to simulate many complex market interactions inherent in timber supply. The production relationship between many products appears complementary under some market conditions, and competitive under other market conditions. Forest Sci. 31:164-179.

Keywords: Timber supply; market equilibria; mathematical programming

Document Type: Journal article

Affiliations: 1: Associate Professor of Forest Economics, School of Forestry and Wildlife Resources, Virginia Polytechnic Institute and State University, Blacksburg, VA 24061

Publication date: 1985-03-01

More about this publication?