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Selling timber in Poland

Author

Listed:
  • Marek Giergiczny

    (Faculty of Economic Sciences, University of Warsaw)

  • Natalia Nehrebecka

    (Faculty of Economic Sciences, University of Warsaw)

  • Tomasz Zylicz

    (Faculty of Economic Sciences, University of Warsaw)

Abstract

The paper looks at how the foresters try to reconcile sustainable management practices with economic viability of their operations within the legal framework they operate in. In particular, we compare prices received by the State Forest Enterprise in Poland in two types of timber auctions: constrained and unconstrained ones. While the latter allow for higher revenues, the former are maintained for political reasons. The authors verify alternative hypotheses regarding market behaviour of timber buyers. The data from timber auctions in 2011-2012 demonstrate that winning prices are determined by starting prices and by the market power of the State Forest Enterprise (diversified with respect to specific timber varieties), as well as by price expectations. Based on the modelling results the paper makes policy recommendations with respect to the design of timber auctions and – more broadly – with respect to striking a balance between timber and non-timber benefits from the forestry in Poland.

Suggested Citation

  • Marek Giergiczny & Natalia Nehrebecka & Tomasz Zylicz, 2015. "Selling timber in Poland," Working Papers 2015-34, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2015-34
    as

    Download full text from publisher

    File URL: http://www.wne.uw.edu.pl/index.php/download_file/2065/
    File Function: First version, 2015
    Download Restriction: no
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    More about this item

    Keywords

    Timber markets; Public forests; Multi-unit auction; Sustainable management;
    All these keywords.

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • L73 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Forest Products
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry

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