Title: An econometric model of the U.S. pallet market

Author: Schuler, Albert T.; Wallin, Walter B.

Year: 1979

Publication: Res. Pap. NE-449. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiment Station. 11p.

Abstract: A need for quantitative information on demand and price has been expressed by the pallet industry. In response to this, an econometric model of the aggregate U.S. pallet market was developed. Demand was found to be affected by real pallet price, industrial and food production levels, and slipsheet prices. Supply was affected by real price, housing starts lagged 1 year, and productivity within the pallet industry. Industrial production activity had the strongest impact on pallet demand, while real price was the most influential supply variable. Consumption and price projections were developed to illustrate the model's use for providing long-term investment and resource planning information.