Data/hora: 13/06/2024 07:15:07

Provedor de dados: | 31
País: | United States
Título: | Forest-Mill Integration: A Transaction Costs Perspective
Autores: | Niquidet,   Kurt; O'Kelly,   Glen.
Data: | 2008-06-10
Ano: | 2008
Palavras-chave: | Transaction costs; Forest tenure; Vertical integration; Environmental Economics and Policy; Resource /Energy Economics and Policy; D23; K23; L22; L73.
Resumo: | In Canada, where public ownership of forestland is prevalent, a central decision facing policy makers is how to allocate timber resources to private forest companies. Debates tend to focus around what proportion of the annual harvest should be devoted to markets opposed to long-term contracts. To give a guide to policy makers, we surveyed forest firms from New Zealand and Sweden where this decision is based purely on a commercial basis. On average, mills source fifty percent of their fibre from the market. However, using a fractional logit model, we test whether theories from transaction cost economics influence this decision. Results are consistent with transaction cost economics; firms decrease the proportion of fibre sourced from a market with increasing fibre specificity, capital intensity, and uncertainty.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/37086

Relação:

University of Victoria&gt;Resource and Environmental Economics and Policy Analysis Research Group&gt;Working Papers

REPA Working Paper

2008-07

Formato: | 28