Wibe, Sören
- Department of Forest Economics, Swedish University of Agricultural Sciences
Abstract
This paper deals with the construction and use of a simple linear supply and demand model. The main advantages of using such a model is firstly that everything is formulated and understood in the fundamental concepts of economic theory, and secondly that the model is easy to use in simulating various scenarios. It is not an alternative to larger and more sophisticated models, but can sometimes be a useful complement. It is formulated so that it can give simple and robust answers what will happen to production, consumption and trade if demand and supply change. It is easy to use regardless of the number of regions involved. (c) 2005 Published by Elsevier GmbH
Published in
Journal of Forest Economics
2005, volume: 11, number: 1, pages: 45-52
Publisher: ELSEVIER GMBH, URBAN & FISCHER VERLAG
SLU Authors
UKÄ Subject classification
Economics and Business
Social Sciences
Forest Science
Publication identifier
- DOI: https://doi.org/10.1016/j.jfe.2005.01.001
Permanent link to this page (URI)
https://res.slu.se/id/publ/5791