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Considerations on modelling the market for softwood lumber in the United States

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  • Noel D. Uri
  • Roy Boyd

Abstract

The analysis in this paper looks at two important elements in modelling the market for timber in the United States. First, the issue of directional causality between price and quantity and its implications in a modelling effort is investigated. Second, the extent of the geographic market for timber is discussed and a method of detecting it is suggested. The method for detecting the extent of the geographical market is tractable and can be applied in a straightforward way. Both considerations are applied to the softwood lumber market in the United States.

Suggested Citation

  • Noel D. Uri & Roy Boyd, 1992. "Considerations on modelling the market for softwood lumber in the United States," Applied Stochastic Models and Data Analysis, John Wiley & Sons, vol. 8(1), pages 31-42, March.
    • Handle: RePEc:wly:apsmda:v:8:y:1992:i:1:p:31-42
    DOI: 10.1002/asm.3150080106
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