Journal of Forest Economics > Vol 11 > Issue 1

A simple simulation model for the forest sector

Sören Wibe, , soren.wibe@sekon.slu.se
 
Suggested Citation
Sören Wibe (2005), "A simple simulation model for the forest sector", Journal of Forest Economics: Vol. 11: No. 1, pp 45-52. http://dx.doi.org/10.1016/j.jfe.2005.01.001

Published: 01 Jun 2005
© 0 2005 Sören Wibe
 
Subjects
 
Keywords
JEL Codes:Q230C150C680
Forest sector modelDemand and supply model
 

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In this article:
Introduction
The model
Applying the model
An illustrating example
Conclusion

Abstract

This paper deals with the construction and use of a simple linear supply and demand model. The main advantages of using such a model is firstly that everything is formulated and understood in the fundamental concepts of economic theory, and secondly that the model is easy to use in simulating various scenarios. It is not an alternative to larger and more sophisticated models, but can sometimes be a useful complement. It is formulated so that it can give simple and robust answers what will happen to production, consumption and trade if demand and supply change. It is easy to use regardless of the number of regions involved.

DOI:10.1016/j.jfe.2005.01.001