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The Analysis of Pine Stumpage Prices Based on Timber Sale Characteristics of the Southern United States

원문정보

초록

영어

The stumpage price changes were calculated and analyzed from the data collected by Timber Mart-South from 1998 to 2007. We analyzed the relationship between pine sawtimber stumpage prices and timber sale characteristics using hedonic pricing method. Quadratic transformation was employed for sale size and contract length. Stumpage prices increased with sale size, contract length, bid sales, and the number of bidders. The presence of above average or excellent grade, market conditions, and logging conditions also are positively related to stumpage prices.

목차

Abstract
 Introduction
 Literature Review
 Data
 Materials and Methods
 Results and Discussion
 Conclusion
 Acknowledgements
 References

저자정보

  • Hojung Kim The Forest Center of Climate Change, Korea Forest Research Institute, Seoul 130-712, Republic of Korea
  • Chris Cieszewski Warnell School of Forestry and Natural Resources, The University of Georgia, Athens, 30605, United States

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