An econometric model estimates stumpage prices in the cottonwood lumber market, suggesting market disequilibrium impacts prices.
An econometric model that accounts for competitive and disequilibrium market forces shows promise for estimating stumpage prices. Lagged agricultural wages, lagged cottonwood stumpage prices, and inventory and profit levels in the cottonwood lumber market comprise the 3-equation empirical model. Quarterly stumpage prices for cottonwood in Louisiana were predicted satisfactorily for the period of fit, 1956 through 1965, and for 5 years beyond, 1966 to 1970. Of particular value in this case was the ability of the model to predict solely from secondary data sources. Forest Sci. 17:246-251.
No takes yet. Share an insight, caveat, or question.
George F. Dutrow (1971) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: