| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A Comparison of Timber Models for Use in Public Policy Analysis
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| Autores: |
Sohngen, Brent
Sedjo, Roger A.
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| Data: |
2005-11-08
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| Ano: |
1996
|
| Palavras-chave: |
Timber markets
Models
Dynamic adjustment
Optimization
Resource /Energy Economics and Policy
C62
Q21
Q23
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| Resumo: |
In this paper, we compare and contrast two types of timber models that have been used for public policy analysis. These models have been variously used to predict price, inventory and market welfare impacts under different exogenous forces that impact timber markets. The framework and theory for each model type is presented and discussed. We then thoroughly test the two model types across six potential exogenous shocks to timber markets, ranging from instantaneous demand shocks to gradual supply adjustments. Our comparison indicates that these models predict potentially important differences in timber market behavior. These differences are important to consider for those who do public policy analysis.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
18886
http://purl.umn.edu/10467
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| Editor: |
AgEcon Search
|
| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 96-12
|
| Formato: |
45
application/pdf
|
