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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)

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    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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    File URL: ftp://ftp.drivehq.com/cavasco/lecturas/numero63/n63a7.pdf
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    Bibliographic 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: Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

    Related research

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

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