... elasticities of the export demand for pulp and paper. Third, we test the Law of One Price. All three approaches suggest that the pulp and paper markets are competitive in the sense that a single firm, no matter how large, cannot increase the price of its products without losing market shares and experiencing...

... that the Russian sawnwood has not substituted for either the Finnish or the Swedish sawnwood in the sawnwood import into Germany. 15 03 2005 28 10 2005 © 2005 Elsevier GmbH. All rights reserved 2005 Elsevier GmbH Licensed re-use rights only D400 L100 Law of one price Sawnwood...

.... Hence, while the Law of One Price may hold as a statistical concept, its acceptance is not sufficient to conclude market integration. We tested the factors hypothesized as linked to integration of forest products markets by applying a combination of bivariate and multivariate techniques. Bivariate...

...Venkatarao Nagubadi; Ian A. Munn; Alireza Tahai The law of one price is tested using Johansen’s simultaneous multivariate cointegration framework and the question of market integration is examined for hardwood pulpwood, mixed hardwood sawtimber, and oak sawtimber in six states (Alabama...

... and Ritva Toivonen 1998 Anne Toppinen and Ritva Toivonen Licensed re-use rights only Cointegration law of one price market integration regional prices short-run dynamics stumpage market There are strong export demand-driven price and quantity fluctuations in the Finnish roundwood...