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Estimating Price Dynamics in the Aftermath of Forest Disturbances: The Biscuit Fire in Southwest Oregon
Year: 2020
Catastrophic forest disturbances, such as wildfires, insect outbreaks, and hurricanes, have become more frequent in recent decades. Such disturbances can create supply disruptions in regional timber markets, with potentially significant short-run and long-run price effects. We review the time-series intervention models that have been used to analyze the impacts of forest disturbances. We apply the intervention models to investigate the market effects of the Biscuit Fire that burned nearly 500,000 acres (202,000 hectares) of forest land in southwest Oregon in 2002, thus creating an unexpected…
Publication Type: Journal Article