Estimating the Imperfection in Sawtimber markets: a case study for the South Pacific Region, Colombia

Sandra Rodríuez Piñeros () and David K. Lewis ()
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Sandra Rodríuez Piñeros: Oklahoma State University
David K. Lewis: Oklahoma State University

Lecturas de Economía, 2005, issue 63, 231-260

Abstract: This paper estimates the degree and nature of imperfections in the timber markets for the South Pacific Region of Colombia. These markets are described under the structure/conduct/performance paradigm. An econometric analysis was undertaken to estimate the degree of imperfection. Market structures indicate high levels of seller concentration. These are result of barriers to entry associated with: knowledge and capital requirements; deficiencies in the banking system; vertical integration of participants;available transportation; and other institutional constraints. These imperfections create inequalities in the distribution of income, unemployment and regional poverty. As a consequence the timber industry's contribution to socioeconomic progress is limited and produces a negative impact on the conservation of forestecosystems.

Keywords: Industrial organization; imperfect markets; oligopoly; Lerner index; timber markets (search for similar items in EconPapers)
JEL-codes: D0 D43 L0 (search for similar items in EconPapers)
Date: 2005
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