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Notes: Estimating and Interpreting the Variation in the Local Demand for Stumpage

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Abstract:

This paper provides a technique for quantifying the precision and assessing the relative reliability of local demand relations that have been derived from estimates of demand and nonlocal supply for stumpage within a region. Evaluation of local demand relations for the ten National Forests in Montana indicated that the forests with the larger timber harvests were more reliable because they had the lower percent standard errors of local demand. The technique should be useful to those who must assess the effect on stumpage prices of changes in public and private timber programs. For. Sci 35(2):628-631.

Keywords: Statistics (resource); econometrics; economics (forestry business); supply/demand (forest products)

Document Type: Miscellaneous

Affiliations: Principal Economist, USDA Forest Service, Pacific Northwest Research Station, Portland, Oregon 97208

Publication date: June 1, 1989

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.

    2015 Impact Factor: 1.702
    Ranking: 16 of 66 in forestry

    Also published by SAF:
    Journal of Forestry
    Other SAF Publications
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