Effects of an export embargo on related goods: logs and lumber
1981
Wiseman, A.C. | Sedjo, R.A.
Extract: This paper extends and applies the Marshallian derived demand model in the context of internationsl trade. The model is utilized to derive estimates of the market equilibrium, net welfare, and welfare incidence effects of a hypothetical embargo of softwood log exports from the Pacific Coast region of the United States. The approach is potentially applicable to the analysis of various restrictions on primary products exports which may be instituted to maintain the viability of domestic processing industries.
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