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Short-run Supply Behaviour of Timber Quota Holders in Alberta

Martin Karl LuckertJanaki R. R. Alavalapati

出版	Canadian Forest Service, Natural Resources Canada, Northern Forestry Centre, 1995
ISBN	06622362549780662236252
URL	http://books.google.com.hk/books?id=201EAAAAYAAJ&hl=&source=gbs_api

註釋Estimates the price responsiveness of timber supply for quota holders in Alberta, with quota holders divided into three categories based on their timber production capacities. Results indicate the influence of cost structures associated with seasonal conditions on timber supply decisions, and the responsiveness of timber supply to market prices for lumber. A dynamic optimisation technique was used to predict timber supply in the face of institutional constraints and to estimate shadow prices of those constraints. Expected values of lumber prices, wood chip prices, and interest rates were used in the econometric model, and the cost structure of large, medium, and small quota holders were calibrated so that the modelled behaviour mimics actual timber production. Results show the effect of institutional constraints on costs incurred by quota holders.