| Description |
1 online resource (viii, 109 pages) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Note |
Revision of the author's thesis (Ph. D.)--University of California, Berkeley, 1988. |
| Bibliography |
Includes bibliographical references (pages 103-106) and index. |
| Contents |
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. |
| Summary |
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. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Lumber trade -- Northwest, Pacific.
|
|
Lumber trade. |
|
Lumber trade -- Government policy -- United States.
|
|
Lumber trade -- Government policy. |
|
United States. |
| Indexed Term |
Timber Trades |
|
United States |
| Genre/Form |
Electronic books.
|
| Other Form: |
Print version: Mattey, Joe P. Timber bubble that burst. New York : Oxford University Press, 1990 (DLC) 89070954 |
| ISBN |
1423735218 (electronic book) |
|
9781423735212 (electronic book) |
|
1601297602 |
|
9781601297600 |
|
9780195062755 (acid-free paper) |
|
0195062752 (acid-free paper) |
|
1280524626 |
|
9781280524622 |
|
0195062752 (acid-free paper) |
|
