The reservation price approach and informationally efficient markets

Journal of Forest Economics

Volumn 3, Issue 3, 1997, Pages 229-245

  Abildtrup, Jens ^a   Riis, Jakob ^a   Thorsen, Bo Jellesmark ^a  

^a UNIVERSITY OF COPENHAGEN   (Denmark)

Author keywords

Reservation price approach; Roundwood markets; Unit root tests; Weak informational efficency

Indexed keywords

FAGUS; PICEA ABIES; QUERCUS;

FORESTRY PRODUCTION; INFORMATIONAL EFFICIENCY; RESERVATION PRICE APPROACH;

DENMARK;

EID: 0031409191     PISSN: 11046899     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (5)

1. Brazee, R. & Mendelsohn, R., 1988. Timber Harvesting with Fluctuating Prices. Forest Science, 34, 359-372.
2. Danmarks Statistik 1994. Skove og plantager 1990 [Forests and Plantations 1990]. The National Statistical Office of Denmark.
3. Danthine, J.-P. 1977. Martingale, Market Efficiency and Commodity Prices. European Economic Review, 10, 1-17.
4. Dickey, D. A. & Fuller, W. A., 1981. Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica, 49, 1057-72.
5. Engle, R. F. & Granger, C. W. J., 1987. Co-integration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55, 251-276.