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Stumpage Prices In Southwestern Ontario: A Hedonic Function Approach

Author

Listed:
  • Puttock, G. David
  • Prescott, D.M.
  • Meilke, Karl D.

Abstract

Timber used in the production of lumber in Southwestern Ontario varies in a number of characteristics and the lump-sum stumpage price is expected to reflect differences in those characteristics. When heterogeneous inputs are used in production, the hedonic price function approach may be used to estimate marginal implicit values of the various input characteristics. Hedonic price functions have been estimated for timber in the region using pooled time-series cross-section data from a large sample of timber sales. The results indicate that volume, species composition, tree size, timber quality and distance to the purchasing mill will affect lump-sum stumpage prices. Estimates of the contributions that each of these characteristics makes to stumpage prices are presented.

Suggested Citation

  • Puttock, G. David & Prescott, D.M. & Meilke, Karl D., 1989. "Stumpage Prices In Southwestern Ontario: A Hedonic Function Approach," Working Papers 123573, University of Guelph, Department of Food, Agricultural and Resource Economics.
    • Handle: RePEc:ags:uguewp:123573
    DOI: 10.22004/ag.econ.123573
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    Cited by:

    1. Raphaële Préget & Patrick Waelbroeck, 2006. "Un modèle d'estimation de la valeur des lots de bois à partir de résultats d'enchères avec invendus," Revue économique, Presses de Sciences-Po, vol. 57(3), pages 593-603.
    2. Ahmed Barkaoui & Seyed Mahdi Heshmatol Vaezin, 2007. "Estimation de la valeur du bois sur pied par la méthode des prix hédonistes: Application aux ventes d’automnes de l’ONF en Lorraine," Working Papers - Cahiers du LEF 2007-02, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
    3. Hussain, Anwar & Munn, Ian A. & Loden, Emily K. & Grado, Stephen C. & Jones, Daryl W., 2005. "Factors Influencing Lease Revenue and Non-industrial Landowners' Willingness to allow Hunting Access," 2005 Annual meeting, July 24-27, Providence, RI 19326, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Ethridge, Don & Morse, Steve & Engels, Carlos, 1991. "Hedonic Price Analysis Of Cotton In Daily Market Reporting," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271082, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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