Stumpage price determination and investment in Australian forests: Implications for plantations and small-scale producers
Quayle, Michael J. & Cox, Michael A. (2001) Stumpage price determination and investment in Australian forests: Implications for plantations and small-scale producers. In Harrison, Steven R & Herbohn, John L. (Eds.) Sustainable farm forestry in the tropics: Social and economic analysis and policy. Edward Elgar, Cheltenham, pp. 257-270.
This chapter addresses the issue of log pricing methodologies before and after major reforms in the Queensland timber industry in the early 1990s. It assesses the impact of industry structure on price determination at a State leve, focussing on supply and demand characteristics in the log market. It is concluded that the current bilateral monopoly arrangements deliver inefficient market outcomeswith profit shares dependent on market power,but support capital investment and size economies.Location, volume and transport factors disadvantage farm foresters leaving them as price-takers with less security of gaining guaranteed sales.
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|Item Type:||Book Chapter|
|Additional Information:||For more information, please refer to the publisher website (see hypertext link) or contact the author. Author contact details: email@example.com|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Environment and Resource Economics (140205)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
|Copyright Owner:||Copyright 2001 Edward Elgar|
|Deposited On:||28 Jun 2007 00:00|
|Last Modified:||03 Mar 2011 05:35|
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