Duopoly game theory is applied to the wood industrial markets (sawnwood and pulpwood markets) in the North of Iran. The Nash equilibrium and the dynamic properties of the system based on marginal adjustments are determined. The probability that the Nash equilibrium will be reached is almost zero. The dynamical properties of sawnwood and pulpwood prices derived via the duopoly game model are fou...

duopoly game theory is applied to the wood industrial markets (sawnwood and pulpwood markets) in the north of iran. the nash equilibrium and the dynamic properties of the system based on marginal adjustments are determined. the probability that the nash equilibrium will be reached is almost zero. the dynamical properties of sawnwood and pulpwood prices derived via the duopoly game model are fou...

Supply equations for sawlog and pulpwood were developed with a panel of data from 102 Norwegian municipalities, observed from 1980 to 2000. Static and dynamic models were estimated by cross-section. time-series and panel data methods. A static model estimated by first differencing gave the best overall results in terms of theoretical expectations, pattern or residuals. prediction accuracy and p...

In this paper, we first analyze trends in pulpwood production (1980-1997) and prices (1977-1998) in North Carolina. We then attempt to investigate spatial integration of the delivered and stumpage pulpwood markets for both mixed hardwood and pine in two regions of North Carolina (western; central and east combined). Results indicate that North Carolina's total roundwood removal volumes have gro...

This study investigates the supply and demand structure of the hardwood stumpage market in the South Central United States for the period 1981-1996. Three stage least squares regression is used to estimate parameters in a simultaneous equations model of pulpwood and sawtimber stumpage markets for mixed hardwoods, oak, and total hardwoods. Stumpage prices are generally non-significant. Hardwood ...

methods for estimating the means and covariances of stumpage prices and incorporating _._ th m in harvest scheduling models. We approached the esti ation problem by fitting timeseries models to loblolly pine sawtimber and pulpwood stumpage prices in Georgia, USA, _= and deriving formulas for means and covariances of price predictions. Statistical evidence _ supported integrated autoregressive m...

Abstract Drawing from the idea that income distribution is affected by imperfect market competition, this article examines effect of a wood cartel, where roundwood buyers illegally exchanged price information in Finland during 1997–2004. Prices before, during, and after infringement period are examined using comparator-based econometric approach with indicator variables single-equation cointegr...

Time series of commodity prices from multiple locations can behave as if responding to forces of spatial arbitrage. cvcn while such prices may instead be responding similarly to common factors aside from spatial arbitrage. Hence. while the Law of One Price may hold as a statistical concept, its acceptance is not sufficient to conclude market integration. We tested the factors hypothesized as li...

Wood drying quality and transversal permeability of Chilean second-growth Nothofagus alpina (raulí) were evaluated. Two charges of raulí sawnwood were dried in a experimental kiln. One of the charges was prepared with sawnwood from Pinto the second one was prepared with sawnwood from Collipulli. The transverse permeability to air of the material after drying was determined. The results showed t...

This paper assesses the exchange rate pass-through (ERPT) for forest product prices (i.e., sawnwood, logs) by applying a two-regime Self-Exciting Threshold Autoregressive (SETAR) model. We incorporate autoregressive second-order dynamics in regime equations. leads to better forecasts, as integrating more lags helps capture cumulative effects of price dynamics. examine sawnwood and log products ...