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Price Dynamics And Spatial Market Structure For Three Us Southern Pine Timber Products
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Book Synopsis Price Dynamics and Spatial Market Structure for Three U.S. Southern Pine Timber Products by : Dekuwmini Mornah
Download or read book Price Dynamics and Spatial Market Structure for Three U.S. Southern Pine Timber Products written by Dekuwmini Mornah and published by . This book was released on 2012 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Market Structure and Timber Harvesting Margins in the U.S. South by : Changyou Sun
Download or read book Market Structure and Timber Harvesting Margins in the U.S. South written by Changyou Sun and published by . This book was released on 2003 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Journal of Agricultural and Resource Economics by :
Download or read book Journal of Agricultural and Resource Economics written by and published by . This book was released on 2006 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Complete Tree Utilization of Southern Pine by : Charles W. McMillin
Download or read book Complete Tree Utilization of Southern Pine written by Charles W. McMillin and published by . This book was released on 1978 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Methods for Valuing Acidic Deposition and Air Pollution Effects by : Gardner Mallard Brown
Download or read book Methods for Valuing Acidic Deposition and Air Pollution Effects written by Gardner Mallard Brown and published by . This book was released on 1990 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book American Lumberman written by and published by . This book was released on 1928 with total page 1676 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Canadian Journal of Forest Research by :
Download or read book Canadian Journal of Forest Research written by and published by . This book was released on 2010 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Masters Theses in the Pure and Applied Sciences by : Wade H. Shafer
Download or read book Masters Theses in the Pure and Applied Sciences written by Wade H. Shafer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: Masters Theses in the Pure and Applied Sciences was first conceived, published, and disseminated by the Center for Information and Numerical Data Analysis and Synthesis (CINDAS)* at Purdue University in 1957, starting its coverage of theses with the academic year 1955. Beginning with Volume 13, the printing and dis semination phases of the activity were transferred to University Microfilms/Xerox of Ann Arbor, Michigan, with the though that such an arrangement would be more beneficial to the academic and general scientific and technical community. After five years of this joint undertaking we had concluded that it was in the interest of all concerned if the printing and distribution of the volumes were handled by an international publishing house to assure improved service and broader dissemi nation. Hence, starting with Volume 18, Masters Theses in the Pure and Applied Sciences has been disseminated on a worldwide basis by Plenum Publishing Corporation of New York, and in the same year the coverage was broadened to include Canadian universities. All back issues can also be ordered from Plenum. We have reported in Volume 37 (thesis year 1992) a total of 12,549 thesis titles from 25 Canadian and 153 United States universities. We are sure that this broader base for these titles reported will greatly enhance the value of this impor tant annual reference work. While Volume 37 reports theses submitted in 1992, on occasion, certain uni versities do report theses submitted in previous years but not reported at the time.
Download or read book Timber Supply written by and published by . This book was released on 1980 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Forest Products Journal written by and published by . This book was released on 1970 with total page 894 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning in 1952, an unnumbered Dec. issue is published consisting of the society's Proceedings and the annual index of the Journal.
Download or read book Lumber Trade Journal written by and published by . This book was released on 1928 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bibliography of Agriculture written by and published by . This book was released on 1976 with total page 1732 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Utilization of the Southern Pines: Processing by : Peter Koch
Download or read book Utilization of the Southern Pines: Processing written by Peter Koch and published by . This book was released on 1972 with total page 944 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bibliography of Agriculture with Subject Index by :
Download or read book Bibliography of Agriculture with Subject Index written by and published by . This book was released on 1987-10 with total page 1238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Southern Pine Beetle by : Robert C. Thatcher
Download or read book The Southern Pine Beetle written by Robert C. Thatcher and published by . This book was released on 1981 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monthly Catalogue, United States Public Documents by :
Download or read book Monthly Catalogue, United States Public Documents written by and published by . This book was released on 1984 with total page 1464 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis American Lumberman & Building Products Merchandiser by :
Download or read book American Lumberman & Building Products Merchandiser written by and published by . This book was released on 1956 with total page 1812 pages. Available in PDF, EPUB and Kindle. Book excerpt:
