Public Timber Supply under Multiple-Use Management
Abstract
In many parts of the world, substantial shares of timber inventories are managed by government agencies. The objective of this chapter is to examine the potential influence of public timber production on market structure as well as on prices, harvest quantities, and economic welfare. National forest management in the United States is used as a tractable case study, but findings provide general insights into the potential market effects of interactions between public and private producers in timber markets.