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A Panel Data Analysis of Nonindustrial Private Roundwood Supply with Emphasis on the Price ElasticityNARA Subscribed
This article presents an econometric analysis of the Norwegian nonindustrial private forest (NIPF) owners' short-term roundwood supply applying the conventional pooled Tobit model as well as the fixed effects (FE) Tobit model where unobserved individual heterogeneity are incorporated in the assumptions of the model. A panel consisting of 14,468 forest owners during the period 1989–1997 (except 1991) is used for the statistical...
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