The effect of changes in lumber and furniture prices on wood furniture manufacturers' lumber usage

William Luppold

doi:10.2737/NE-RP-514

Treesearch

The effect of changes in lumber and furniture prices on wood furniture manufacturers' lumber usage

Informally Refereed

Authors:

William Luppold

Year:

1983

Type:

Research Paper

Station:

Northern Research Station

DOI:

https://doi.org/10.2737/NE-RP-514

Source:

Res. Pap. NE-514. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 8p.

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Download (PDF 851 KB): https://research.fs.usda.gov/download/treesearch/15066.pdf

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.

Keywords

Economics, oak, maple, poplar

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.