Finished Product Inventories and Price Expectations in the Softwood Lumber Industry
构建了美国软木木材行业的月度模型，发现价格预期和期初库存显著影响生产、销售和库存决策，且美国与加拿大生产商之间存在激烈竞争。
Abstract A monthly model is presented of the U.S. softwood lumber sector. Price expectations and beginning‐period inventories have important roles in producers' production, sales, and inventory decisions. Cross‐price effects among domestic producing regions are minimal. However, there is substantial competition between U.S. and Canadian producers. Our model produces supply elasticities, demand elasticities, and inventory response parameters that are different from and more comprehensive than those obtained in previous work.