| Description |
1 online resource (viii, 109 pages) : illustrations |
| Series |
OUP E-Books
|
| Contents |
1. Introduction; The Bubble That Burst; The Bailout; An Overview of the Book; 2. Victims of a Macroeconomic Policy Shift?; Prima Facie Evidence; Opposing Evidence; 3. Risk-Taking by Zombie Firms?; Zombie Effect in a Bankruptcy Model; Zombie Effect in the Thrift Industry; Zombie Effect in the Timber Market; 4. Psychology of the Market; Beliefs of Timber Buyers; Forest Service Projections; Misconceptions; Development of the Misconceptions; 5. Reform in the Aftermath of the Bailout; Timber Assessment Projections; Public Timber Supply; Insolvency and Default Risk; Set-aside Program |
| Summary |
This is a book about bubble prices, and their consequences, in the timber industry of the Pacific Northwest from 1979-1984. Bubble prices--unusual and rapid rises (and eventual drops) in the prices of a commodity--have been of theoretical interest to economists for many years. This study examines the unusual movements in the price of federal timber and the subsequent recession in the Northwest when timber buyers delayed harvests in order to postpone the realization of their losses on the contracts. Mattey argues that it was not so much the actions of the Federal Reserve, which had been widely |
| Analysis |
Timber Trades |
|
United States |
| Notes |
Revision of the author's thesis (Ph. D.)--University of California, Berkeley, 1988 |
| Bibliography |
Includes bibliographical references (pages 103-106) and index |
| Notes |
Print version record |
| Subject |
Lumber trade -- Northwest, Pacific
|
|
Lumber trade -- Government policy -- United States
|
|
Wood -- United States -- Commercial policy
|
|
BUSINESS & ECONOMICS -- Industries -- Agribusiness.
|
|
TECHNOLOGY & ENGINEERING -- Agriculture -- Sustainable Agriculture.
|
|
Lumber trade
|
|
Lumber trade -- Government policy
|
|
Pacific Northwest
|
|
United States
|
| Form |
Electronic book
|
| ISBN |
1423735218 |
|
9781423735212 |
|
1601297602 |
|
9781601297600 |
|
9780195062755 |
|
0195062752 |
|
1280524626 |
|
9781280524622 |
|
9786610524624 |
|
6610524629 |
|
