A behavioral model of timber supply
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2020, Forest Policy and EconomicsA theoretical and empirical analysis of joint forest production: Timber supply and amenity services
2020, Forest Policy and EconomicsCitation Excerpt :The theoretical framework of this study is based on the two-period utility-based household production model introduced by Max and Lehman (1988) and used by Koskela (1989), Kuuluvainen (1990), Prestemon and Wear (2000), and Polyakov et al. (2010). Max and Lehman (1988) point out that the two-period utility maximizing behavioral model of timber and amenity production can be extended beyond NIPF to any other landowners with multiple objectives. Meanwhile, the utility in the household production model is derived from both timber and non-timber outputs from a forest and explicitly considers non-timber benefits and timber growth dynamics along with income generation for landowners (Binkley, 1981).
Behavioral determinants of supply chain integration and coexistence
2016, Journal of Forest EconomicsCitation Excerpt :If a seller expects higher prices, he can postpone selling if the commodity itself can be stored and there are no economic constraints and commitments. Indeed, negative price elasticity of supply is a recurrent finding in wood market studies (Bergen et al., 2013; Schwarzbauer and Stern, 2010), but it depends crucially on capital and ownership structures and related management objectives (Binkley, 1993; Max and Lehman, 1988). Price expectations can be elicited experimentally by providing monetary incentives to subjects for forecasting correctly the interval of a specific price at some future point in time.
Influences of nonindustrial private forest landowners' management priorities on the timber harvest decision-A case study in France
2015, Journal of Forest EconomicsEffects of gender and length of land tenure on timber supply in Finland
2014, Journal of Forest Economics
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The authors wish to thank E. Morey for many helpful suggestions. We also thank K. E. McConnell and two referees for comments which significantly improved our presentation. We remain responsible for any errors. An earlier version of this paper was presented at the Conference on Nonindustrial Private Forest Policy and Research at Duke University, April 1983.