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  • 1985-1989  (2)
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  • 1
    Monograph available for loan
    Monograph available for loan
    Basingstoke, Hampshire [u.a.] : Macmillan Education
    Call number: PIK B 020-19-92667
    Type of Medium: Monograph available for loan
    Pages: XV, 193 Seiten , Diagramme
    ISBN: 0333365801 (hardcover) , 0333416074 (paperback)
    Language: English
    Note: Contents: 1 Basic concepts ; 2 Cost functions and the theory of the firm ; 3 Elasticity, Efficiency and the theory of the firm ; 4 The Cobb-Douglas function ; 5 The CES function ; 6 The translog function ; 7 Technological progress ; 8 From firms to industry: the Johansen Production Model ; 9 Empirical work on production functions ; Bibliography ; Index
    Location: A 18 - must be ordered
    Branch Library: PIK Library
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  • 2
    Publication Date: 1986-04-01
    Description: This paper presents a supply and demand model for the production of timber. Factors affecting supply for each country are (i) product price, (ii) wood density, and (iii) amount of forest resources. Demand (for each country) is modelled from per capita consumption and explaining variables are (i) product price and (ii) per capita income. The system is estimated in its reduced form with data from 35 countries. The study produced three main conclusions. (i) Production of timber is roughly proportional to each country's forest resource, (ii) The overall demand elasticity with respect to per capita income is negative, which implies that total demand for wood declines as income increase. This is explained by the fact that the demand for fuelwood declines faster than the demand for industrial roundwood increase when per capita income increase. (iii) The supply elasticity with respect to cost is around 2, which implies that an increase in cost by 1% might be expected to lead to decline in the supply of timber by 2%.
    Print ISSN: 0045-5067
    Electronic ISSN: 1208-6037
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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