Public Forest Policy, Wood Prices, and the Consumer

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Abstract:

When the prices of consumer goods and services change, the effect on consumers is equivalent to a change in income, which may be distributed differentially to high- and low-income consumers. In dollar amount, an increase in log prices has the greatest effect on high-income consumers. In proportional terms, however, the reduction is a greater percent of total expenditures of low-income consumers. The same relation holds for reductions in log prices, except that their effects are equivalent to increases in consumer income.

Document Type: Journal Article

Affiliations: Assistant Professor of Economics, Montana State University, Bozeman

Publication date: November 1, 1977

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.
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