Silvicultural Contracting in British Columbia: A Transaction Cost Economics Analysis

$29.50 plus tax (Refund Policy)

Buy Article:

Abstract:

In the light of institutional reforms to British Columbia's forestry sector, this study investigates forest companies' decisions to contract out silvicultural activities or to perform them in-house. A model is developed to test the relationship between a firm's choice of contractual forms and (a) the attributes of the activity (e.g., specificity of technical skills and physical assets, frequency of operations, and uncertainty in controlling performance quality) and (b) characteristics of the firm (e.g., company size). Data from a survey of forest companies in the Province are used to test several hypotheses. The empirical results confirm the transaction cost logic that silvicultural activities performed in-house are likely those that are complex to manage, have a low degree of seasonality, require high levels of human skills, and involve highly specialized physical assets. For. Sci. 45(2):272-279.

Keywords: Contractual forms; forest policy; forestry institutions

Document Type: Journal Article

Affiliations: Forest Economics and Policy Analysis Research Unit, University of British Columbia, Forest Sciences Centre, 2424 Main Mall, Vancouver, BC, Canada V6T 1Z4--Phone: (604) 822-2193, Fax: (604) 822-6970

Publication date: May 1, 1999

More about this publication?
  • Membership Information
  • ingentaconnect is not responsible for the content or availability of external websites
Related content

Tools

Favourites

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more