Files
Abstract
Timber supply has traditionally been modelled using aggregate data. In this paper, we build
aggregate supply models for four roundwood products for the US state of North Carolina
from a stand-level harvest choice model applied to detailed forest inventory. The simulated
elasticities of pulpwood supply are much lower than reported by previous studies. Cross price
elasticities indicate a dominant influence of sawtimber markets on pulpwood supply. This
approach allows predicting the supply consequences of exogenous factors and supports
regular updating of supply models.