Monthly wood supply behavior of associated forest owners in Austria—Insights from the analysis of a micro-econometric panelSebastian P. Koch, Peter Schwarzbauer and Tobias Stern Journal of Forest Economics, 2013, vol. 19, issue 3, 331-346 Abstract: This paper examines the wood supply from non-industrial private forest owners in Austria. The main novelty of this study is threefold. First, the underlying dataset is based on monthly wood supply. This enables an analysis of seasonal supply behavior, which is found to be different in relation to the size of the forestland. Second, it represents an original study with a dataset from a Central European country whose forest owners are apparently much more fragmented than their Scandinavian or North American counterparts. And third, the study introduces a windfall variable that effectively corrects for a market-relevant storm event. With respect to methodology, a random effects Tobit model is applied. Additionally, a Chamberlain-like term is included in the regression to deal with a possible bias generated through the correlation of regressors and unobserved heterogeneity. Keywords: Monthly wood supply; Seasonality; Forest owner association; Panel regression; Tobit model; Austria (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:foreco:v:19:y:2013:i:3:p:331-346 Ordering information: This journal article can be ordered from DOI: 10.1016/j.jfe.2013.06.003 Access Statistics for this article Journal of Forest Economics is currently edited by P. Gong and R. Brännlund More articles in Journal of Forest Economics from Elsevier |
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