Cost function approach for estimating derived demand for composite wood products

T. C. Marcin

Treesearch

Cost function approach for estimating derived demand for composite wood products

Informally Refereed

Authors:

T. C. Marcin

Year:

1991

Type:

General Technical Report

Station:

Forest Products Laboratory

Source:

Proceedings of the 1991 Symposium on Systems Analysis in Forest Resources : March 3-6, 1991, Charleston, South Carolina. Asheville, NC : Southeastern Forest Experiment Station, 1991. General technical report SE; 74.:p. 225-240.

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Abstract

A cost function approach was examined for using the concept of duality between production and input factor demands. A translog cost function was used to represent residential construction costs and derived conditional factor demand equations. Alternative models were derived from the translog cost function by imposing parameter restrictions.

Keywords

Composite wood assemblies, Production economics, Economic dualism, Composite boards, Costs, Demand, Economics, Translog cost function

Citation

Marcin, T. C. 1991. Cost function approach for estimating derived demand for composite wood products. Proceedings of the 1991 Symposium on Systems Analysis in Forest Resources : March 3-6, 1991, Charleston, South Carolina. Asheville, NC : Southeastern Forest Experiment Station, 1991. General technical report SE; 74.:p. 225-240.