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Estimating the Imperfection in Sawtimber markets: a case study for the South Pacific Region, Colombia

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Author Info
Sandra Rodríuez Piñeros () (Oklahoma State University)
David K. Lewis () (Oklahoma State University)
Abstract

This paper estimates the degree and nature of imperfections in the timber markets for the South Pacific Region of Colombia. These markets are described under the structure/conduct/performance paradigm. An econometric analysis was undertaken to estimate the degree of imperfection. Market structures indicate high levels of seller concentration. These are result of barriers to entry associated with: knowledge and capital requirements; deficiencies in the banking system; vertical integration of participants;available transportation; and other institutional constraints. These imperfections create inequalities in the distribution of income, unemployment and regional poverty. As a consequence the timber industry's contribution to socioeconomic progress is limited and produces a negative impact on the conservation of forestecosystems.

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Publisher Info
Article provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.

Volume (Year): (2005)
Issue (Month): 63 (Julio-Diciembre)
Pages: 231-260
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Handle: RePEc:lde:journl:y:2005:i:63:p:231-260

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Web page: http://economia.udea.edu.co
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Postal: Apartado Aéreo 1226, Medellín - Colombia

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Related research
Keywords: Industrial organization; imperfect markets; oligopoly; Lerner index; timber markets;

Find related papers by JEL classification:
L0 - Industrial Organization - - General
D0 - Microeconomics - - General
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection

References listed on IDEAS
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  1. Encaoua, David & Jacquemin, Alexis, 1980. "Degree of Monopoly, Indices of Concentration and Threat of Entry," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 87-105, February. [Downloadable!] (restricted)
  2. Rigoberto Lopez & Azzeddine Azzam & Carmen Lirón-España, 2002. "Market Power and/or Efficiency: A Structural Approach," Review of Industrial Organization, Springer, vol. 20(2), pages 115-126, March. [Downloadable!] (restricted)
  3. Muth, Mary K. & Wohlgenant, Michael K., 1999. "Measuring The Degree Of Oligopsony Power In The Beef Packing Industry In The Absence Of Marketing Input Quantity Data," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(02), December. [Downloadable!]
  4. Schroeter, John R, 1988. "Estimating the Degree of Market Power in the Beef Packing Industry," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 158-62, February. [Downloadable!] (restricted)
    Other versions:
  5. Azzam, Azzeddine M, 1997. "Measuring Market Power and Cost-Efficiency Effects of Industrial Concentration," Journal of Industrial Economics, Blackwell Publishing, vol. 45(4), pages 377-86, December. [Downloadable!] (restricted)
  6. Schroeter, John R. & Azzam, Azzeddine, 2003. "Measuring Market Power in Multi-Product Oligopolies: The U.S. Meat Industry," Staff General Research Papers 11112, Iowa State University, Department of Economics.
    Other versions:
  7. Arnade, Carlos & Pick, Daniel, 1999. "Alternative Approach to Measuring Oligopoly Power: A Wheat Market Example," Applied Economics Letters, Taylor and Francis Journals, vol. 6(3), pages 195-97, March. [Downloadable!] (restricted)
  8. Iwata, Gyoichi, 1974. "Measurement of Conjectural Variations in Oligopoly," Econometrica, Econometric Society, vol. 42(5), pages 947-66, September. [Downloadable!] (restricted)
  9. Gollop, Frank M. & Roberts, Mark J., 1979. "Firm interdependence in oligopolistic markets," Journal of Econometrics, Elsevier, vol. 10(3), pages 313-331, August. [Downloadable!] (restricted)
  10. Arnade, Carlos & Pick, Daniel, 2000. "Seasonal Oligopoly Power: The Case of the US Fresh Fruit Market," Applied Economics, Taylor and Francis Journals, vol. 32(8), pages 969-77, June. [Downloadable!] (restricted)
  11. Margarida De Mello, Antonio Brandao, 1999. "Measuring the Market Power of the Portuguese Milk Industry," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 6(2), pages 209-222, July. [Downloadable!] (restricted)
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This page was last updated on 2009-11-29.

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