Political and economic development in Russia and other Eastern European countries have been the major driving force of the changing European markets for wood products since the early 1990s. However, very little is known about the organizational structure, strategic orientation and future goals...

The existing and potential energy wood supply systems have been compared in terms of cost efficiency in Tihvin and Boksitogorsk districts of the Leningrad region to find optimal supply systems. In most cases the supply systems based on the cut-to-length method have the highest cost efficiency...

This paper presents long-run exchange rate elasticities of Finnish newsprint and pulp export prices in the United Kingdom (UK) and Germany over the period 1980-94. The elasticities were estimated for a markup pricing model using Johansen's cointegration method. The magnitudes of the elasticity...

In previous literature, the degree of exchange rate pass-through to importing countrys currency has often been found to be incomplete, which supports the idea of imperfect competition in the forest products markets. In this study, exchange rate pass-through is examined by employing a mark-up...

In resource accounting, shadow prices of natural resources and environmental effects should be used as the social marginal value of goods. Since it is difficult to measure shadow prices in practice, market prices are often used as proxies for shadow prices. A prerequisite for the use of these...

We study the impact of the carbon price on the integrating electricity market in the EU. Our theoretical framework suggests that the price of carbon has a positive but uneven impact on electricity prices depending on the marginal production plant. The carbon price may increase price differences...

We investigate the price determination of the European Union emission allowance (EUA) of the European Union emissions trading scheme (EU ETS). We postulate an uncertain permit price and risk-averse firms which have the possibility to hedge in the forward market. The firms produce final goods,...

Forest industry has undergone profound changes since the 1990s. Industry-level consolidation and the rise in international investments are the most noticeable features of this process. Based on reviewing internationalization from internalization and transaction cost, resource based, industrial...