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The timber bubble that burst : government policy and the bailout of 1984 /
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 th...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Oxford University Press,
1990.
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| Colección: | OUP E-Books.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Notas: | Revision of the author's thesis (Ph. D.)--University of California, Berkeley, 1988. |
| Descripción Física: | 1 online resource (viii, 109 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 103-106) and index. |
| ISBN: | 1423735218 9781423735212 1601297602 9781601297600 9780195062755 0195062752 1280524626 9781280524622 9786610524624 6610524629 |