Publication Details
The effect of changes in lumber and furniture prices on wood furniture manufacturers' lumber usage
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Year Published
1983
Publication
Res. Pap. NE-514. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 8p.
Abstract
Wood furniture manufacturers' demands for oak, maple, poplar, open-grain, and close-grain lumber are estimated using cross-sectional, time-series techniques. The analyses indicate that the demand for open-grain species is more price responsive than the demand for close-grain species. The calculated cross-price elasticities indicate that furniture producers do substitute species through style decisions. However, poplar lumber has a negative cross-price elasticity, indicating that it is used with, rather than substituted for, other species.
Citation
Luppold, William G. 1983. The effect of changes in lumber and furniture prices on wood furniture manufacturers'' lumber usage. Res. Pap. NE-514. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 8p.