Competition and Oligopsony in the Douglas Fir Lumber Industry
eBook - ePub

Competition and Oligopsony in the Douglas Fir Lumber Industry

  1. 292 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Competition and Oligopsony in the Douglas Fir Lumber Industry

About this book

This in-depth analysis of the Douglas fir lumber industry investigates the relationship between industry structure, firm behavior, and performance outcomes. While the lumber production sector exemplifies characteristics of pure competition—with numerous mills and firms producing homogeneous products—the timber input market operates as an oligopsony. In this setting, a few large buyers wield significant influence, leading to price disparities and market power that smaller firms cannot match. The study highlights the dichotomy between competitive lumber production and the noncompetitive dynamics of timber acquisition. The book explores key issues such as economies of scale in production, market concentration, and the elasticity of demand and supply for both timber and lumber. By scrutinizing the auction markets for federal timber and the effects of concentrated timberland ownership, it sheds light on policy questions like the equitable distribution of public resources and the economic efficiency of market structures. Combining theoretical insights with empirical data, this study offers valuable findings for economists, industry stakeholders, and policymakers aiming to balance competition and sustainability in resource management. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1966.

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Yes, you can access Competition and Oligopsony in the Douglas Fir Lumber Industry by Walter J. Mead in PDF and/or ePUB format, as well as other popular books in Business & Management. We have over one million books available in our catalogue for you to explore.

Information

Publisher
University of California Press
Year
2023
Print ISBN
9780520326828
eBook ISBN
9780520326835
Edition
1
Topic
Business
Subtopic
Management
Index
Business

Table of contents

  1. Cover
  2. Title
  3. Copyright
  4. Contents 1
  5. Introduction
  6. PART I Demand, Supply, and Cost Issues
  7. CHAPTER 1 Economies of Scale in Lumber Production
  8. CHAPTER 2 Elasticity of Demand for Lumber and Timber
  9. Chapter 3 Elasticity of Supply for Timber and Lumber
  10. PART II The Structure of the Industry
  11. CHAPTER 4 Economic Concentration in Timber Resource Ownership and Acquisition
  12. CHAPTER 5 Economic Concentration in Lumber Production and Wholesale Distribution
  13. CHAPTER 6 Conditions of Entry into the Lumber Industry
  14. PART III Market Conduct and Performance of Lumber Sellers and Timber Buyers
  15. CHAPTER 7 Conduct of Sellers in the Lumber Industry
  16. CHAPTER 8 Timber Sale Procedures
  17. CHAPTER 9 Bidding Strategy in the Market for Federal Timber
  18. CHAPTER 10 Oligopsony in the Timber Resource Market
  19. CHAPTER 11 Competition for Federal Timber: Sale Basis
  20. CHAPTER 12 Competition for Federal Timber: Geographical Area Basis
  21. CHAPTER 13 Bidder Futility and the Market Power of Large Firms
  22. CHAPTER 14 Performance in Resource Management and Lumber Production
  23. Summary of Findings
  24. Index