An economic analysis of the differences between bid prices on Forest Service and private timber sales

Data on 220 private and 99 Forest Service sealed bid timber sales in North Carolina indicate that per acre prices are about $675 higher on the private sales. Hedonic timber price equations for Forest Service and private sales are used to decompose this price difference into (1) differences due to ch...

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Bibliographic Details
Published inForest science Vol. 41; no. 4
Main Authors Munn, I.A. (Mississippi State University.), Rucker, R.R
Format Journal Article
LanguageEnglish
Published 01.11.1995
Subjects
ANALISIS ECONOMICO
ANALYSE ECONOMIQUE
BOIS
CAROLINA DEL NORTE
CAROLINE DU NORD
COMERCIO
COMMERCE
COMMERCIALISATION
ECONOMIA
ECONOMIE
ESTIMACION
MADERA
MERCADEO
MODELE ECONOMETRIQUE
MODELOS ECONOMETRICOS
PRECIO DIFERENCIAL
PRECIOS
PRIX
PROPIEDAD PRIVADA
PROPIEDAD PUBLICA
PROPRIETE PRIVEE
PROPRIETE PUBLIQUE
TARIF DIFFERENTIEL
VALEUR D'ESTIMATION
VALEUR DES BOIS SUR PIED
VALOR DE LA MADERA EN PIE
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Summary:Data on 220 private and 99 Forest Service sealed bid timber sales in North Carolina indicate that per acre prices are about $675 higher on the private sales. Hedonic timber price equations for Forest Service and private sales are used to decompose this price difference into (1) differences due to characteristics of the sales and (2) differences due to the valuation of those characteristics. Both components of this decomposition are found to explain a portion of the price difference. The valuation of particular tract characteristics is found to be higher on private sales. In particular, our results suggest that pine sawtimber, pine pulpwood, and hardwood pulpwood have higher market valuations on private sales
Bibliography:9601369
U10
K50
E70
ISSN:0015-749X
1938-3738
DOI:10.1093/forestscience/41.4.823