@article{Baardsen:198446,
      recid = {198446},
      author = {Baardsen, Sjur},
      title = {Profit Efficiency in Norwegian Timber Supply: A Stochastic  Frontier Function for Active NIPFs},
      journal = {Scandinavian Forest Economics: Proceedings of the Biennial  Meeting of the Scandinavian Society of Forest Economics},
      address = {2006-05},
      number = {1330-2016-103693},
      pages = {13},
      year = {2006},
      abstract = {The primary objective of the paper was to analyse how  marginalisation affects profit efficiency, a secondary to  identify and analyse some other possible inefficiency   factors. In order to do this we estimated a translog  restricted profit frontier function with an integrated  inefficiency module. An unbalanced panel of 2161  observations of active Norwegian forest owners over the  years 1991-2004 was used. The more marginal forestry income  becomes the forest owner. Efficiency differences are likely  to be caused by different information levels. The average  forest owner could potentially increase his profit by 7.7%  by catching up with the front. We suggest lease contracts  as a policy means to ensure efficient timber supply with  requiring much attention from the forest owner.},
      url = {http://ageconsearch.umn.edu/record/198446},
      doi = {https://doi.org/10.22004/ag.econ.198446},
}