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    Author(s): William G. Luppold
    Date: 1983
    Source: Res. Pap. NE-514. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 8p.
    Publication Series: Research Paper (RP)
    Station: Northeastern Research Station
    PDF: View PDF  (830.85 KB)

    Description

    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.

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    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.

    Keywords

    Economics, oak, maple, poplar

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