Empirical Demand Analysis For Long - Length Roundwood (Sawlogs) In Greece
AbstractIn Greece and internationally, the roundwood is one of the most important forest products as it is used widely in construction and building sector. In this study the process of wholesale long-length roundwood (>2m) price determination is depicted in the form of an inverse demand system. The empirical application based on five species of long-length roundwood using yearly data for auctions providing reasonable and promising results. The own-quantity flexibilities suggest that the responses of prices to own-quantity changes are inelastic while Allais coefficients suggest substitutability between the different species of log-length roundwood.
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Bibliographic InfoPaper provided by Agricultural University of Athens, Department Of Agricultural Economics in its series Working Papers with number 2009-03.
Length: 13 pages
Date of creation: 2009
Date of revision:
Inverse Almost Ideal Demand System; demand analysis; flexibilities; long-length roundwood; wood sector; Greece;
Find related papers by JEL classification:
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
- F10 - International Economics - - Trade - - - General
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
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- Rickersten, Kyrre, 1998. "The Effects of Advertising in an Inverse Demand System: Norwegian Vegetables Revisited," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 25(1), pages 129-40.
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