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A Timber Market Model for Analyzing Roundwood Product Interdependencies

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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.
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Keywords: Timber supply; market equilibria; mathematical programming

Document Type: Journal Article

Affiliations: 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?
  • Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
    Forest Science is published bimonthly in February, April, June, August, October, and December.

    2016 Impact Factor: 1.782 (Rank 17/64 in forestry)

    Average time from submission to first decision: 62.5 days*
    June 1, 2016 to Feb. 28, 2017

    Also published by SAF:
    Journal of Forestry
    Other SAF Publications
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