AN ECONOMIC ANALYSIS OF THE DETERMINANTS OF LUMBER FUTURES PRICE MOVEMENTS

Randal R. Rucker, Walter N. Thurman and Jonathan Keith Yoder ()

No 21706, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Recent lumber price volatility has been attributed to Spotted Owl Litigation and U.S.-Canada trade disputes. We use intervention analysis to explain daily lumber futures price volatility based on these events and other factors. The way information enters the market is shown to affect the speed and extent of market reaction.

Keywords: lumber; futures prices; event analysis; Environmental Economics and Policy; Resource /Energy Economics and Policy (search for similar items in EconPapers)
Date: 1999

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Working Paper: AN ECONOMIC ANALYSIS OF THE DETERMINANTS OF LUMBER FUTURES PRICE MOVEMENTS (1999)
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Persistent link: http://EconPapers.repec.org/RePEc:ags:aaea99:21706

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