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Author: Karl Gustaf Löfgren
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Author: Karl Gustaf Löfgren
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Author: Dekuwmini Mornah
Publisher:
ISBN:
Category :
Languages : en
Pages : 244
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Evidence of price correlations or cointegrations in timber markets is often interpreted as indicative of the competitiveness and efficiency of these markets. This conclusion is based on the assumptions that firms price F.O.B. and F.O.B. pricing in spatial markets is expected to yield results analogous to the usual competitive results in spaceless markets (i.e., firms set price equal marginal cost plus transportation costs). Competitive arbitrage is the error correction mechanism assumed through which spatial markets are linked. This conclusion could be misleading. In the presence of significant intra-regional transportation costs between spatially dispersed markets, firms have an incentive to exploit their spatial market power. Price correlations therefore may be consistent with other, non-competitive pricing schemes such as collusive basing point pricing. In this dissertation, we model the economic impacts of oligopsony in the procurement of timber in the presence of significant intra-regional transportation costs and test it on three forest products (Pine Saw Timber (PST), Pine Chip and Saw (CNS) and Pine Pulpwood (PPW)) for seven U.S. south-eastern and south-central states using quarterly data from 1976 to 2009. We find that the south-east south central market region is not a single market. However, there is evidence of market integration between 6 to 33 percent of the markets depending on the product, with the most integration occurring in higher valued product markets (PST) as predicted by our theory. Price discrimination was found in 19 to 24 percent of the markets while collusive basing point pricing exists in 13 to 18 percent of the markets. There is also evidence to support the hypothesis that interpreting price cointegrations in timber markets as market integration could be misleading given evidence that 55 to 65 percent of basing point price regions also are cointegrated.
Author: Barnali Gupta
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 176
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Author: Erin O. Sills
Publisher: Springer Science & Business Media
ISBN: 9401702195
Category : Technology & Engineering
Languages : en
Pages : 379
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This book draws together contributions from forest economists in the Research Triangle of North Carolina, with co-authors from institutions around the world. It represents our common belief that rigorous empirical analysis in an economic framework can inform forest policy. We intend the book as a guide to the empirical methods that we have found most useful for addressing both traditional and modem areas of concern in forest policy, including timber production and markets, multiple use forestry, and valuation of non-market benefits. 'The book editors and most chapter authors are affiliated with three institutions in the Research Triangle: the Southern Research Station of the USDA Forest Service (K. Abt, Butry, Holmes, Mercer, Moulton, Prestemon, Wear), the Department of Forestry at North Carolina State University (R. Abt, Ahn, Cubbage, Sills), and the Environmental and Natural Resource Economics Program of Research Triangle Institute (Murray, Pattanayak). Two other Triangle institutions are also represented among the book authors: Duke University (Kramer) and the Forestland Group (Zinkhan). In addition to our primary affiliations, many of us are adjunct faculty and/or graduates of Triangle universities. Many of our co-authors also graduated from or were previously affiliated with Triangle institutions. Thus, the selection of topics, methods, and case studies reflects the work of this particular network of economists, and to some degree, our location in the southeastern United States. However, our work and the chapters encompass other regions of the United States and the world, including Latin America and Asia.
Author: Marc E. McDill
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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Author:
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ISBN:
Category :
Languages : en
Pages : 24
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Author: Boris Hirsch
Publisher: Springer Science & Business Media
ISBN: 3642104096
Category : Business & Economics
Languages : en
Pages : 271
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This book investigates models of spatial and dynamic monopsony and their application to the persistent empirical regularity of the gender pay gap.
Author: G. Norman
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Author: Jonathan H. Hamilton
Publisher:
ISBN:
Category : Price discrimination
Languages : en
Pages : 21
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Author:
Publisher:
ISBN:
Category : Wood
Languages : en
Pages : 584
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