Abstract

PINEROS, Sandra Rodríguez  and  LEWIS, David K.. Estimating the Imperfections in Sawtimber Markets: A Case Study for The South Pacific Region, Colombia. Lect. Econ. [online]. 2005, n.63, pp.231-260. ISSN 0120-2596.

This paper estimates the degree and nature of imperfections in the timber markets for the South Pacific Region of Colombia. These markets are described under the structure/conduct/performance paradigm. An econometric analysis was undertaken to estimate the degree of the imperfection. Market structures indicate high levels of seller concentration. These are the result of barriers to entry associated with: knowledge and capital requirements; deficiencies in the banking system; vertical integration of participants; available transportation; and other institutional constraints. These imperfections create inequalities in the distribution of income, unemployment and regional poverty. As a consequence the timber industry's contribution to socioeconomic progress is limited and produces a negative impact on the conservation of forest ecosystems.

Keywords : Industrial organization; imperfect markets; oligopoly; lerner index; timber markets.

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