| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Forest-Mill Integration: A Transaction Costs Perspective
|
| Autores: |
Niquidet, Kurt
O'Kelly, Glen
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| Data: |
2008-06-10
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| 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/37086
|
| Relação: |
University of Victoria>Resource and Environmental Economics and Policy Analysis Research Group>Working Papers
REPA Working Paper
2008-07
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| Formato: |
28
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