American Journal of Agricultural Economics · 1981 · 15 citations · 1 references
Social SciencesEconomicsResource EconomicsInternational EconomicsInternational TradeInternational Trade PolicyDemand TheoryForest Trade EconomicsInternational Commodity TradeInternational Timber TradeTimber Supply AnalysisTrade GoodsInternational Trade EconomicsLog TradeResource Market EquilibriumTimber Demand AnalysisTrade Welfare EffectsWelfare Effects AnalysisWood Product TradeWood Products Trade
Abstract This paper extends and applies the Marshallian derived demand model in the context of international trade. The model is utilized to derive estimates of the market equilibrium, net welfare, and welfare incidence effects of a hypothetical embargo of softwood log exports from the Pacific Coast region of the United States. The approach is potentially applicable to the analysis of various restrictions on primary products exports which may be instituted to maintain the viability of domestic processing industries.
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