Building aggregate timber supply models from individual harvest choice

  • Authors: Polyakov, Maksym; Wear, David N.; Huggett, Robert
  • Publication Year: 2009
  • Publication Series: Other
  • Source: In: Australian Agricultural and Resource Economics Society 53rd Annual Conference; February 11-13, 2009: Cairns, Australia. 1-12.

Abstract

Timber supply has traditionally been modelled using aggregate data. In this paper, we build aggregate supply models for four roundwood products for the US state of North Carolina from a stand-level harvest choice model applied to detailed forest inventory. The simulated elasticities of pulpwood supply are much lower than reported by previous studies. Cross price elasticities indicate a dominant influence of sawtimber markets on pulpwood supply. This approach allows predicting the supply consequences of exogenous factors and supports regular updating of supply models.

  • Citation: Polyakov, Maksym; Wear, David N.; Huggett, Robert 2009. Building aggregate timber supply models from individual harvest choice. In: Australian Agricultural and Resource Economics Society 53rd Annual Conference; February 11-13, 2009: Cairns, Australia. 1-12.
  • Keywords: Timber supply, harvest choice, conditional logit, elasticity, expectations, simulation
  • Posted Date: February 11, 2010
  • Modified Date: September 16, 2010
  • Requesting Print Publications

    Publication requests are subject to availability. Fiscal responsibility limits the hardcopies of publications we produce and distribute. Electronic versions of publications may be downloaded, distributed and printed.

    Please make any requests at pubrequest@fs.fed.us.

    Publication Notes

    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
    • Our online publications are scanned and captured using Adobe Acrobat. During the capture process some typographical errors may occur. Please contact the SRS webmaster if you notice any errors which make this publication unusable.
    • To view this article, download the latest version of Adobe Acrobat Reader.