... and consumers. This paper assesses these impacts in a hypothetical timber market, using the Faustmann rule (FR) as a benchmark. The results show that changing from the FR to the reservation price strategy (RPS) reduces the supply of timber, thereby pushes up the price level. The RPS significantly reduces...

... Licensed re-use rights only F12 Q28 L15 Timber market Wood product exports Product differentiation Strategic trade The Elsevier company logo featuring a woodcut illustration of a scholar standing beneath a vine-entwined elm tree with the Latin motto Non Solus. Most wood...