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A Welfare Analysis of Long‐Term Forest Products Price Stabitization
Author(s) -
Adams Darius M.,
Haynes Richard W.,
Darr David R.
Publication year - 1977
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1239393
Subject(s) - stumpage , welfare , yield (engineering) , forest product , economics , offset (computer science) , term (time) , product (mathematics) , natural resource economics , agricultural economics , business , forest management , market economy , agroforestry , environmental science , materials science , physics , geometry , mathematics , quantum mechanics , computer science , metallurgy , programming language
The prospective welfare and market impacts offederal efforts to stabilize prices of wood products are examined for two alternative strategies involving manipulating Forest Service harvest levels. Generally, these stabilization strategies yield substantial net benefits. Consumers consistently gain, while losses by stumpage producers and by end product suppliers in the South are largely offset by gains in the West.