Economics of Forest
  Protection and Management

Publications for 1998 Problem Area 1

Assessment of Southern Timber Markets


  1. Abt, R. C., F. W. Cubbage, and G. Pacheco. 2000. Southern forest resource assessment using the Subregional Timber Supply (SRTS) model. Forest Products Journal 50(4):25-33.
  2. Abt, R. C., F. W. Cubbage, K. J. Lee, and I. A. Munn. 1998. Timber Supply: Mississippi and the South. Tree Talk (Jackson, MS) Winter:15-20.
  3. Abt, Robert C., Fred W. Cubbage, and Gerardo Pacheco. 1994. Hardwood availability: who will meet the demand?. Forest Farmer 53(2):13.
  4. Abt, Robert C., Jamie Brunet, Brian C. Murray, and Don G. Roberts. 1994. Productivity growth and price trends in the North American sawmilling industries: an inter-regional comparison. Canadian Journal of Forest Research 24:139-148.
  5. Aruna, P. B. and D. E. Mercer. 1999. The timber economy of the Mid-Atlantic Region: some preliminary results from the Mid-Atlantic Integrated Assessment. Pages 172-179. In: Abt, K. L. and Abt, R. C. (ed.). Proceedings of the 1998 Southern Forest Economics Workshop. Research Triangle Park, NC: Southern Research Station.
  6. Bingham, M., D. MacNair, and J. Prestemon. 1999. Structural change and co-integration in southern timber prices. Pages 118. In: Abt, K. L. and Abt, R. C. (ed.). Proceedings of the 1998 Southern Forest Economics Workshop. Research Triangle Park, NC: Southern Research Station.
  7. Carter, D. R. 1999. Structural change in Southern softwood stumpage markets. Pages 112-117. In: Abt, K. L. and Abt, R. C. (ed.). Proceedings of the 1998 Southern Forest Economics Workshop. Williamsburg, VA: Southern Research Station, USDA Forest Service.
  8. Caulfield, J. P. 1998. The evolution of institutional timberland investment strategy. Pages 123-127. In: Kluender, R. A., Smith, N. B., and Corrigan, M. M. (ed.). Proceedings of the 1997 Southern Forest Economics Workers Meeting. Monticello, AR: University of Arkansas.
  9. Caulfield, J. P. 1998. Timberland in institutional portfolios and the question of persistence. Forest Products Journal 48:23-28.
  10. Caulfield, J. P. 1998. Timberland return drivers and investing styles for an asset that has come of age. Real Estate Finance 14(4):65-78.
  11. Caulfield, J. P. 1998. Asset allocation considerations for timberland investing. Real Estate Review 27(4):46-51.
  12. Caulfield, J. P. and F. C. Zinkhan. 1998. Timberland allocation in institutional portfolios: short- and long-term persistence. Pages 128-132. In: Kluender, R. A., Smith, N. B., and Corrigan, M. M. (ed.). Proceedings of the 1997 Southern Forest Economics Workers Meeting. Monticello, AR: University of Arkansas.
  13. Cubbage, F. W., J. Siry, R. Abt, D. Wear, and S. Moffat. 1999. Forest productivity and timber supply modeling in the South. Pages 285-290. In: Ek, A. R. and ZumBahlen, B. (ed.). Conference Proceedings: Improving Forest Productivity for Timber. Duluth, MN:
  14. Cubbage, Frederick and Douglas Carter. 1994. Productivity and cost changes in southern pulpwood harvesting, 1979. Southern Journal of Applied Forestry 18:83-90.
  15. Cubbage, Frederick W., Thomas G. Harris, Jr., David N. Wear, Robert C. Abt, and Gerardo Pacheco. 1995. Timber supply in the South: where is all the wood?. Journal of Forestry 93:16-20.
  16. Cubbage, Frederick, Thomas Harris, Jr., Robert Abt, Regina Armster, and Gerardo Pacheco. 1994. Timber supply in the South. Timber Processing 19:45-49.
  17. Fina, M., G. S. Amacher, and J. Sullivan. 2001. Uncertainty, debt, and forest harvesting: Faustmann revisited. Forest Science 47(2):188-196.
  18. Haight, Robert G. and Thomas P. Holmes. 1991. Stochastic price models and optimal tree cutting: results for loblolly pine. Natural Resource Modeling 5:423-443.
  19. Leffler, K. B., R. R. Rucker, and I. A. Munn. 2000. Transaction costs and the collection of information: presale measurement on private timber sales. Journal of Law, Economics and Organization 16(1):164-186.
  20. Leffler, Keith, Ian Munn, and Randal Rucker. 1993. An economic analysis of cruising activities on private timber sales. American Journal of Agricultural Economics 75:1299.
  21. Lin, C. R., J. Buongiorno, J. Prestemon, and K. Skog. 1998. Growth model for uneven-aged loblolly pine stands: simulations and management implications. Research Paper FPL-RP-569. Madison, WI: USDA Forest Service, Forest Products Laboratory. pages 1-13.
  22. Luppold, W. G., J. P. Prestemon, and J. E. Baumgras. 1998. An examination of the relationships between hardwood lumber and stumpage prices in Ohio. Wood and Fiber Science 30(3):281-292.
  23. McDill, M. E. and D. Tucker. 1998. Projecting the industrial and nonindustrial timber resources of Louisiana with STRIPS. Pages 114-119. In: Kluender, R. A., Corrigan, M. M., and Smith, N. B. (ed.). Proceedings of the 1997 Southern Forest Economics Workers Meeting. Monticello, AR: The Arkansas Forest Resources Center, University of Arkansas.
  24. Moffat, S., F. W. Cubbage, A. J. Cascio, and R. M. Sheffield. 1999. The future of forest management on NIPF lands in the South: results of an expert opinion survey. Pages 17-24. In: Abt, K. L. and Abt, R. C. (ed.). Proceedings of the 1998 Southern Forest Economics Workshop. Research Triangle Park, NC: Southern Research Station.
  25. Moulton, R. J. 1999. Why plant trees?. Pages 3-10. In: Vories, K. C. and Throgmorton, D. (ed.). Proceedings of enhancement of reforestation at surface coal mines: technical interactive forum. Carbondale, IL: Southern Illinois University, Coal Research Center.
  26. Moulton, Robert and Thomas W. Birch. 1996. Western forest landowners: a profile. National Woodlands July:14-16.
  27. Munn, I. A. and D. L. Evans. 1998. The Southern commercial timberland base: changes and projections. Pages 81-88. Proceedings of the International Conference: Geospatial Information in Agriculture and Forestry. Ann Arbor, MI: ERIM International, Inc.
  28. Munn, I. A. and R. R. Rucker. 1998. Predicting forestry consultant participation based on physical characteristics of timber sales. Journal of Forest Economics 4(2):105-125.
  29. Munn, I. A., J. B. Cutshall, and D. G. Hodges. 1998. 1993 pulpwood logging contractor survey. Forest Products Journal 48(7/8):47-53.
  30. Munn, Ian A. and E. Carlyle Franklin. 1995. Do consultants really generate higher timber prices?. Winter: 26-29 The Consultant.
  31. Munn, Ian A. and Randal R. Rucker. 1994. The value of information services in a market for factors of production with multiple attributes: the role of consultants in private timber sales. Forest Science 40:474-496.
  32. Munn, Ian A. and Raymond B. Palmquist. 1997. Estimating hedonic price equations for a timber stumpage market using stochastic frontier estimation procedures. Canadian Journal of Forest Research 27:1276-1280.
  33. Murray, Brian C. 1995. Measuring oligopsony power with shadow prices: US markets for pulpwood and sawlogs. The Review of Economics and Statistics 77:486-498.
  34. Murray, Brian C. 1995. Oligopsony, vertical integration, and output substitution: welfare effects in US pulpwood markets. Land Economics 71:193-206.
  35. Nagubadi, V., I. A. Munn, and A. ahai. 2001. Integration Of hardwood stumpage markets in the Southcentral United States. Journal of Forest Economics 7(1):69-98.
  36. Newman, David H. and David N. Wear. 1993. Production economics of private forestry: a comparison of industrial and nonindustrial forest owners. American Journal of Agricultural Economics 75:674-684.
  37. Prestemon, J. P. 1998. Estimating tree grades for Southern Appalachian natural forest stands. Forest Science 44(1):73-86.
  38. Prestemon, J. P. 1998. The effects of NAFTA and an FTAA on U.S. exports of hardwood forest products. In: Meyers, D. A. (ed.). Proceedings of the Twenty-Sixth Annual Hardwood Symposium. Memphis, TN: National Hardwood Lumber Association.
  39. Prestemon, J. P. and D. N. Wear. 1999. Inventory effects on aggregate timber supply. Pages 26-32. In: Abt, K. L. and Abt, R. C. (ed.). Proceedings of the 1998 Southern Forest Economics Workshop. Research Triangle Park, NC: Southern Research Station.
  40. Prestemon, J. P. and D. N. Wear. 2000. Linking harvest choices to timber supply. Forest Science 46(3):377-389.
  41. Prestemon, J. P. and J. Buongiorno. 2000. Determinants of tree quality and lumber value in natural uneven-aged southern pine stands. Canadian Journal of Forest Research 30(2):211-219.
  42. Prestemon, J. P. and J. M. Pye. 2000. A technique for merging areas in Timber Mart-South data. Southern Journal of Applied Forestry 24(4):219-229.
  43. Prestemon, J. P. and J. M. Pye. 2000. Merging areas in Timber Mart South data. Pages 99-105. In: Munn, I. A., Bullard, S. H., Grado, S. C., and Grebner, D. L. (ed.). Proceedings of the 1999 Southern Forest Economics Workshop. Starkville, MS: Mississippi State University, Department of Forestry.
  44. Prestemon, J. P. and T. P. Holmes. 1998. Effects of Hurricane Hugo on South Carolina timber prices. Pages 93-100. In: Kluender, R. A., Corrigan, M. M., and Smith, N. B. (ed.). Proceedings of the 1997 Southern Forest Economics Workshop. Monticello, AR: The School of Forest Resources, University of Arkansas.
  45. Prestemon, J. P., J. M. Pye, and T. P. Holmes. 2001. Timber economics of natural catastrophes. Pages 132-141. In: Pelkki, M. H. (ed.). Proceedings of the 2000 Southern Forest Economics Workshop. Monticello, Arkansas: School of Forest Resources, University of Arkansas.
  46. Raunikar, R., J. Buongiorno, J. P. Prestemon, and K. L. Abt. 2000. Financial performance of mixed-age naturally regenerated loblolly-hardwood stands in the South Central United States. Forest Policy and Economics 1(3/4):331-346.
  47. Raunikar, R., J. Buongiorno, J. Prestemon, and K. L. Abt. 2000. Biological and economic productivity of mixed-aged loblolly pine stands in the South. Pages 218-223. In: Munn, I. A., Bullard, S. H., Grado, S. C., and Grebner, D. L. (ed.). Proceedings of the 1999 Southern Forest Economics Workshop. Starkville, MS: Mississippi State University, Department of Forestry.
  48. Rogers, W. R. 2001. Determining annual forest management activities and expenditures: a survey of TIMOs and industrial landowners in Mississipppi during 1998-1999. Forestry Department, Mississippi State University. 83 pages.
  49. Rogers, W. R. and I. A. Munn. 2002. Annual forest management activities of TIMOs and Industrial landowners in Mississippi during 1998-1999. Pages 140-145. In: Zhang, D. (ed.). Proceedings of the 2001 Southern Forest Economics Workshop. Auburn, AL: School of Forestry and Wildlife Sciences, Auburn University.
  50. Rosen, Barry N. 1984. Price reporting of forest products to nonindustrial private forest landowners. Journal of Forestry 82:491-495.
  51. Rosen, Barry N. 1995. A longitudinal analysis of attitudes and marketing practices of nonindustrial private forest landowners. Northern Journal of Applied Forestry 12:174-179.
  52. Rosen, Barry Nathan and H. Fred Kaiser. 1988. Marketing forest management to nonindustrial private forest landowners: a field experiment. Northern Journal of Applied Forestry 5:240-?
  53. Rosen, Barry Nathan, H. Fred Kaiser, and Marianne Baldeck. 1989. Nonindustrial private forest landowners as timber marketers: a field study of search for market information and decision quality. Forest Science 35:732-744.
  54. Siry, J. P. and F. W. Cubbage. 2002. A survey of timberland investment management organizations forestland management in the South. Pages 153-156. In: Zhang, D. (ed.). Proceedings of the 2001 Southern Forest Economics Workshop. Auburn, AL: School of Forestry and Wildlife Sciences, Auburn University.
  55. Siry, J. P., F. W. Cubbage, and A. J. Malmquist. 2000. Potential impacts of increased management intensities on planted pine growth and yield and timber supply modeling in the South. Pages 236-242. In: Munn, I. A., Bullard, S. H., Grado, S. C., and Grebner, D. L. (ed.). Proceedings of the 1999 Southern Forest Economics Workshop. Starkville, MS: Mississippi State University, Department of Forestry.
  56. Snider, A., F. Cubbage, and R. Moulton. 2001. Potential effects of wood chip mill harvests on economic returns and forest management practices of nonindustrial private forest landowners in North Carolina. Pages 73-78. In: Pelkki, M. H. (ed.). Proceedings of the 2000 Southern Forest Economics Workshop. Monticello, Arkansas: School of Forest Resources, University of Arkansas.
  57. Teeter, L. and X. Zhou. 1999. Projecting Timber Inventory at the Product Level. Forest Science 45(1):226-231.
  58. Teeter, L. and X. Zhou. 1999. A multinomial logit approach to estimating regional inventories by product class. Pages 238-242. In: Abt, K. L. (ed.). Proceedings of the 1998 Southern Forest Economics Workshop: Part II. Research Triangle Park, NC: Southern Research Station.
  59. Wagner, J. E. and T. P. Holmes. 1999. Estimating economic gains for landowners due to time-dependent changes in biotechnology. Forest Science 45(2):163-170.
  60. Wagner, John E. and Douglas B. Rideout. 1992. The stability of the capital asset pricing model's parameters in analyzing forest investments. Canadian Journal of Forest Research 22:1639-1645.
  61. Wagner, John E., Frederick W. Cubbage, and Clair H. Redmond. 1995. Comparing the capital asset pricing model and capital budgeting techniques to analyze timber investments. Forest Products Journal 45:69-77.
  62. Wear, D. N. 1994. Measuring net investment and productivity in timber production. Forest Science 40:192-208.
  63. Wear, D. N. 1996. Forest management and timber production in the U.S. South [Document prepared for Canada/United States lumber consultations]. SCFER Working Paper 82. Research Triangle Park, NC: Southeastern Center for Forest Economics Research. pages 1-40.
  64. Wear, D. N. 2000. Regional assessment and interregional comparisons of forest investment. Pages 160. In: Munn, I. A., Bullard, S. H., Grado, S. C., and Grebner, D. L. (ed.). Proceedings of the 1999 Southern Forest Economics Workshop. Starkville, MS: Mississippi State University, Department of Forestry.
  65. Wear, David N. 1994. Measuring net investment and productivity in timber production. Forest Science 40(1):192-208.
  66. Wear, David N. and Peter J. Parks. 1994. The economics of timber supply: an analytical synthesis of modeling approaches. Natural Resource Modeling 8:199-223.
  67. Wu, L., J. Alavalapati, D. Carter, D. Wear, and G. Das. 2002. Assessing the impact of trade policy and technology changes in the U.S. forestry sectors. Pages 84-89. In: Zhang, D. (ed.). Proceedings of the 2001 Southern Forest Economics Workshop. Auburn, AL: School of Forestry and Wildlife Sciences, Auburn University.
  68. Yin, R. 1998. Industry characteristics and investment decisions: An alternative approach to pulp and paper production. TAPPI Journal 81(1):69-74.
  69. Yin, R. 2001. Combining forest-level analysis with options valuation approach--a new framework for assessing forestry investment. Forest Science 47(4):475-483.
  70. Yin, R. and D. H. Newman. 1999. A timber producer's entry, exit, mothballing, and reactivation decisions under market risk. Journal of Forest Economics 5(2):305-320.
  71. Yin, R. and R. A. Sedjo. 2001. Is this the age of intensive management? a study of loblolly pine on Georgia's Piedmont. Journal of Forestry 99(12):10-17.
  72. Yin, Runsheng and David H. Newman. 1995. Optimal timber rotations with evolving prices and costs revisited. Forest Science 41:477-490.
  73. Yin, Runsheng and David H. Newman. 1995. A note on the tree-cutting problem in a stochastic environment. Journal of Forest Economics 1:181-190.
  74. Yin, Runsheng and David H. Newman. 1996. The effect of catastrophic risk on forest investment decisions. Journal of Environmental Economics and Management 31:186-197.
  75. Yin, Runsheng and David H. Newman. 1996. Are markets for stumpage informationally efficient?. Canadian Journal of Forest Research 26:1032-1039.
  76. Yin, Runsheng and David H. Newman. 1997. When to cut a stand of trees?. Natural Resource Modeling 10(3):251-261.
  77. Yin, Runsheng and David H. Newman. 1997. Long-run timber supply and the economics of timber production. Forest Science 43:113-120.
  78. Zinkhan, Christian F. 1996. Public land-use professionals' perceptions of agroforestry applications in the South. Southern Journal of Applied Forestry 20:1-7.
  79. Zinkhan, F. C., H. R. Jenkins, and J. P. Caulfield. 1998. The impact of securitization and contracting on cash flow patterns of timberland investments. Pages 133-136. In: Kluender, R. A., Corrigan, M. M., and Smith, N. B. (ed.). Proceedings of the 1997 Southern Forest Economics Workers Meeting. Monticello, AR: The Arkansas Forest Resources Center, University of Arkansas.
  80. Zinkhan, F. Christian. 1993. Timberland investment management organizations and other participants in forest asset markets: a survey. Southern Journal of Forestry 17:32-38.

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   modified: 1-OCT-2004
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