The theory of demand and supply implies a positive relationship, or ‘‘price transmission’’ between the prices of products at different stages of manufacturing. This relationship was investigated with quarterly prices of softwood stumpage in the US South, and national prices of forest products, from 1977 to 2002. All prices, net of inflation, were found to be nonstationary and there was no evide...

Historically, devaluations have played a major role in the economies of the Nordic countries. Within the European Monetary Union (EMU), national exchange rate policy can no longer be used to improve competitiveness of exporting industries, and adjustment pressures caused by changes in international demand and prices by are put on factor markets. In this study price linkages are compared between...

Abstract We examined timber price trends along the Mississippi roundwood supply chain. Quarterly statewide data from Timber Mart-South for pine sawtimber, pulpwood, mixed hardwood and pulpwood were obtained covering 1992 to 2018. Prices stumpage, delivered logs, conversion—measured as difference between wood stumpage—were analyzed across products 27-year series, well three equally spaced 9-year...

Catastrophic shocks to existing stocks of a renewable resource can cause long-run price shifts. With timber, these long-run price shifts may be accompanied by a short-run price drop due to salvage. Hurricane Hugo damaged 20% of southern pine timber in the South Carolina Coastal Plain in 1989. To estimate the shortand long-run effects of the hurricane on the prices of timber stocks, we estimated...

Separate literatures exist to describe responses of timber owners and aggregate timber supply to product prices. While few investigators have alluded to the effects of varying inventory quality and ownership mix on the aggregate response, it is possible to describe how the responsiveness to prices can vary over time as the vintage of the timber inventory shifts. We estimated a probit harvest mo...

Four approaches were used to estimate the market effects of wood chip mills for nonindustrial private forest (NIPF) landowners. First, we used economic welfare analyses to estimate potential changes in consumer and producer surplus that might be attributed to increased stumpage demand created by wood chip mills. Better markets would consistently increase economic returns for both timber buyers ...

The Southern timber market is the major source of both softwood and hardwood pulpwood in the US. In 1997, three-fourths of total US pulpwood production was produced in the region. The locations of pulpmills and fiber sources determine the patterns of pulpwood trade between the states. Prediction of trade is important for understanding subregional pulpwood markets in the US South and for timber ...

Timbers of multiple tree species and sizes are often traded in a single market. Some previous studies have empirically examined their price interdependences, but the drivers such relationships remain unclear. I demonstrated with rational expectations model that when timbers two (or sizes) were gross substitutes production, steady-state ratio between prices was dependent on relative quality ease...

the aim of this study was to determine the optimal cutting cycle in an uneven-aged beech forest in the north of iran. first of all, a logistic growth model was determined for an uneven aged forest. then, the stumpage price was predicted via an autoregressive model. the average stumpage price of beech was derived from actual timber, round wood, fire and pulpwood prices at road side minus the var...

The aim of this study was to determine the optimal cutting cycle in an uneven-aged beech forest in the North of Iran. First of all, a logistic growth model was determined for an uneven aged forest. Then, the stumpage price was predicted via an autoregressive model. The average stumpage price of beech was derived from actual timber, round wood, fire and pulpwood prices at road side minus the var...