Type of Document Master's Thesis Author Kennedy, Nathan URN etd-06272001-105402 Title Reservation Prices and Willingness to Accept Price Offers for Nonindustrial Forest Landowners in Western Virginia Degree Master of Science Department Forestry Advisory Committee
Advisor Name Title Amacher, Gregory S. Committee Chair Klemperer, W. David Committee Member Sullivan, Jay Committee Member Keywords
- NIPF landowners
- reservation price
Date of Defense 2001-06-08 Availability unrestricted AbstractThe purpose of this thesis is to examine what
motivates nonindustrial private forest landowners
to accept bids of various levels for harvesting.
Through the use of a survey we specifically
consider what preferences and landowner
characteristics effect these decisions.
Landowners were randomly selected from counties
in Southwest Virginia. The participants were
presented a payment table in which they were asked
to indicate the level of certainty with which they
would accept bids of various levels for their
timber. The information obtained for the survey
was used in a LOGIT model to examine which
variables were most important both in determining
the certainty respondents attached to different
bid levels, and the likelihood of accepting a bid
of any size. Our most important results show that
factors such as bequest motives, tract size,
absentee status, and environmental preferences
influence the bid acceptance decision for
landowners in the sample.
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