... attributes of a commodity are homogenous. We test whether risk and time preferences, price expectations, and trust in supply chain types can explain variations and coexistence in governance. Specifically, we experimentally elicit economic preferences of forest managers in the Swiss wood sector. We find...

...Irma A. Gomez; H. Alan Love; Diana M. Burton Price expectations play a crucial role in markets for timber and other natural resources. Each period, the resource owner must decide whether to harvest or hold the resource. Since prices in future periods are uncertain, the owner must use a price...