Carlen, Ola
- Department of Forest Economics, Swedish University of Agricultural Sciences
Abstract
In this paper, we estimate a forest land price model using micro data, where the equilibrium price is interpretable as the outcome of a trading game between the buyer and seller. A novelty of the empirical analysis is the recognition that the forest land price, which has been agreed upon by the buyer and seller, may depend on variables characterizing the buyer's and seller's preferences and choice sets. The results imply that forest land prices are not only determined by land related variables (e.g., the land size, timber volume, and site productivity), they also depend significantly on buyer and seller characteristics.
Published in
Canadian Journal of Forest Research
2000, volume: 30, number: 4, pages: 589-595
Publisher: NRC Research Press (Canadian Science Publishing)
SLU Authors
UKÄ Subject classification
Economics
Publication identifier
- DOI: https://doi.org/10.1139/x99-250
Permanent link to this page (URI)
https://res.slu.se/id/publ/42614