Seppo Vehkamäki

Woodlot price formation in the early 1980s

Vehkamäki S. (1990). Woodlot price formation in the early 1980s. Acta Forestalia Fennica no. 218 article id 7665. https://doi.org/10.14214/aff.7665

Abstract

The aim of this study was to explain both theoretically and empirically the formation of the unit price of a woodlot in the early 1980’s in Finland. The structure of the market in which woodlot transactions take place is described by analysing the volume of markets, the heterogeneity of the woodlots, institutional regulation of woodlot ownership and information concerning the market. The decision-making processes of both woodlot seller and buyer are examined using a theoretical model. Using a woodlot transaction sample for 1983 and 1984 woodlot unit price is explained empirically.

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Keywords
forest ownership; forest holdings; woodlot sales; woodlot purchasing price; woodlot transaction price

Published in 1990

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Available at https://doi.org/10.14214/aff.7665 | Download PDF