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Competition in the global pulp and paper industries - An evaluation based on three approaches


  • Karikallio, Hanna
  • Mäki-Fränti, Petri
  • Suhonen, Niko


This paper uses three different approaches for measuring the tightness of competition in the global pulp and paper markets. First, we evaluate the market shares of the world's largest pulp and paper companies. Second, we estimate the price elasticities of the export demand for pulp and paper. Third, we test the Law of One Price. All three approaches suggest that the pulp and paper markets are competitive in the sense that a single firm, no matter how large, cannot increase the price of its products without losing market shares and experiencing a fall in total revenues.

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  • Karikallio, Hanna & Mäki-Fränti, Petri & Suhonen, Niko, 2011. "Competition in the global pulp and paper industries - An evaluation based on three approaches," Journal of Forest Economics, Elsevier, vol. 17(1), pages 91-104, January.
  • Handle: RePEc:eee:foreco:v:17:y:2011:i:1:p:91-104

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    References listed on IDEAS

    1. Maria Cipollina & Luca Salvatici, 2010. "Reciprocal Trade Agreements in Gravity Models: A Meta-Analysis," Review of International Economics, Wiley Blackwell, vol. 18(1), pages 63-80, February.
    2. Kangas, Kari & Niskanen, Anssi, 2003. "Trade in forest products between European Union and the Central and Eastern European access candidates," Forest Policy and Economics, Elsevier, vol. 5(3), pages 297-304, September.
    3. Pinelopi Koujianou Goldberg & Michael M. Knetter, 1997. "Goods Prices and Exchange Rates: What Have We Learned?," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1243-1272, September.
    4. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    5. Kainulainen, Tuomo & Toppinen, Anne, 2006. "Testing integration in main European paper markets under floating and fixed exchange rates," Forest Policy and Economics, Elsevier, vol. 9(4), pages 372-379, December.
    6. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 39(3), pages 106-135.
    7. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
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    Cited by:

    1. Gray, Wayne B. & Shadbegian, Ronald J. & Wang, Chunbei & Meral, Merve, 2014. "Do EPA regulations affect labor demand? Evidence from the pulp and paper industry," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 188-202.
    2. Peltoniemi, Mirva, 2013. "Mechanisms of capability evolution in the Finnish forest industry cluster," Journal of Forest Economics, Elsevier, vol. 19(2), pages 190-205.
    3. Lehtonen, Olli & Tykkyläinen, Markku, 2014. "Delphi path simulator for unveiling development opportunities in the forest industries by contrasting forest management practices — The case of North Karelia," Technological Forecasting and Social Change, Elsevier, vol. 84(C), pages 171-185.


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