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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Mattey, Joe P.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Oxford University Press, 1990.
Colección:OUP E-Books.
Temas:
Lumber trade > Northwest, Pacific.
Lumber trade > Government policy > United States.
Wood > United States > Commercial policy.
Bois > États-Unis > Politique commerciale.
BUSINESS & ECONOMICS > Industries > Agribusiness.
TECHNOLOGY & ENGINEERING > Agriculture > Sustainable Agriculture.
Lumber trade
Lumber trade > Government policy
Pacific Northwest
United States
Timber > Trades
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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.

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