scholarly journals Point Decision Solution for Partially Identified Auction Models: An application to U.S. Forest Service Timber Sales

2018 ◽  
Author(s):  
Scott Williams
Keyword(s):  
Forest Service ◽  
Auction Models ◽  
Timber Sales

Bidder Collusion at Forest Service Timber Sales

1997 ◽  
Vol 105 (4) ◽  
pp. 657-699 ◽  
Author(s):  
Laura H. Baldwin ◽  
Robert C. Marshall ◽  
Jean‐Francois Richard
Keyword(s):  
Forest Service ◽  
Timber Sales

Unsold Timber Offerings in the Northern Region: Trends, Causes, and Disposition

1991 ◽  
Vol 6 (4) ◽  
pp. 108-111
Author(s):  
Ervin G. Schuster ◽  
Michael J. Niccolucci
Keyword(s):  
Northern Region ◽  
Forest Service ◽  
Causal Factor ◽  
Usda Forest Service ◽  
Normal Part ◽  
The Past ◽  
Timber Sales ◽  
Timber Markets

Abstract Do unsold timber offerings indicate excessive, wasteful timber sales, as critics charge? Or are such offerings a normal part of timber markets and eventually sold? This study assessed unsold offerings in the Northern Region of the USDA Forest Service during 1961-1988 to determine the percentage, duration, and reasons for unsold offerings. About 7% of all offerings are initially unsold; moreover, the percentage has been rising during the past 3 decades. Although specific variables were poorly correlated with unsold offerings, regional timber availability seems to be the most important causal factor. About 60% of the volume in unsold offerings was eventually sold, averaging about 15 months to sell. West. J. Appl. For. 6(4):108-111.

Separable Costs of Provisions for Nontimber Resources in Forest Service Timber Sales

1989 ◽  
Vol 4 (4) ◽  
pp. 119-124 ◽  
Author(s):  
Ervin G. Schuster ◽  
Michael J. Niccolucci
Keyword(s):  
Forest Service ◽  
National Forests ◽  
Adverse Impacts ◽  
Timber Sales ◽  
Actual Design ◽  
The Cost

Abstract The authors investigated the separable costs of provisions to mitigate damage to or enhance nontimber resources in timber sales for national forests in the Northern and Intermountain Regions. Data were obtained from 224 timber sales made between 1983 and 1985. A "timber-only" design was developed for each sale, was compared to the actual design, and the loss in estimated stumpage receipts was used to reflect the cost due to nontimber considerations. This loss averaged about $20 per mbf (1985 dollars), much of which could be traced to reduced harvest volumes. Most modifications and associated costs were intended to mitigate adverse impacts and resulted from required, policy-based choices. West. J. Appl. For. 4(4):119-124, October 1989.

Auctions with Resale Markets: An Application to U.S. Forest Service Timber Sales

2001 ◽  
Vol 91 (3) ◽  
pp. 399-427 ◽  
Author(s):  
Philip A Haile
Keyword(s):  
Willingness To Pay ◽  
Empirical Evidence ◽  
Forest Service ◽  
Secondary Market ◽  
Policy Changes ◽  
Common Value ◽  
Timber Sales ◽  
Option Values ◽  
Standard Models

When bidders anticipate an opportunity for resale trade, the value of winning an auction is determined in part by the option values of buying and selling in the secondary market. One implication is that a bidder's willingness to pay at an auction increases with the expected level of competition between resale buyers. Empirical evidence from auctions of timber contracts supports this prediction and rejects standard models that ignore resale. The estimated effect is smaller after policy changes expected to diminish the prevalence of resale. Additional evidence supports the predicted presence of a common value element introduced by the resale opportunity. (JEL D44, D82, C52, L73)

Analysis of Stumpage Rate Adjustment Policy on Western National Forests

1995 ◽  
Vol 10 (2) ◽  
pp. 53-58
Author(s):  
Ervin G. Schuster ◽  
Michael J. Niccolucci
Keyword(s):  
Statistical Models ◽  
Price Index ◽  
Forest Service ◽  
Western United States ◽  
Usda Forest Service ◽  
Flat Rate ◽  
Adjustment Policy ◽  
Timber Sales ◽  
Rate Adjustment ◽  
Bid Prices

Abstract This study analyzed the effect of USDA Forest Service stumpage rate adjustment (SRA) on timber revenues and initial stumpage bids. SRAs adjust harvest prices up or down from initial bid prices, based on subsequent product market indices. Revenue generation was addressed by simulating harvest revenues from 600 timber sales from the western United States during the 1980s and early 1990s. The current 50/100 policy (50% of price index increases and 100% of price index decreases) performed poorly, and the 100/50 option performed best. The effect of SRA policy on initial bid prices was analyzed with statistical models constructed from 1813 timber sales. In Region 6, stumpage prices received from flat rate sales exceeded those from SRA sales by about 3%, but in the aggregate of other western Regions (Regions 1-5), stumpage prices for SRA sales exceeded those of flat rate sales by about 12%. West. J. Appl. For. 10(2):53-58

Exploratory Study of C-130 Usage in Forest Service Operation

2021 ◽  
Author(s):  
Linda K. Kliment ◽  
Kamran Rokhsaz ◽  
Syed Junaid Ali ◽  
John A. Nelson
Keyword(s):  
Exploratory Study ◽  
Forest Service ◽  
Service Operation
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