The stumpage price changes were calculated and analyzed from the data collected by Timber Mart-South from 1998 to 2007. We analyzed the relationship between pine sawtimber stumpage prices and timber sale characteristics using hedonic pricing method. Quadratic transformation was employed for sale size and contract length. Stumpage prices increased with sale size, contract length, bid sales, and the number of bidders. The presence of above average or excellent grade, market conditions, and logging conditions also are positively related to stumpage prices.
목차
Abstract Introduction Literature Review Data Materials and Methods Results and Discussion Conclusion Acknowledgements References
키워드
stumpage priceshedonic pricing methodtimber-marth-southtimber sale characteristics
저자
Hojung Kim [ The Forest Center of Climate Change, Korea Forest Research Institute, Seoul 130-712, Republic of Korea ]
Corresponding author
Chris Cieszewski [ Warnell School of Forestry and Natural Resources, The University of Georgia, Athens, 30605, United States ]