Costs and distortion of U.S. regulation policy in intercoastal lumber shipping |
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Authors: | Roy Boyd |
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Institution: | University of Wisconsin—Milwauke, USA |
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Abstract: | This article quantitatively analyzes the various impacts of current U.S. coastal restrictions on the Northwest lumber industry. The history of U.S. maritime regulation is briefly reviewed and a simulation model is developed to measure its affect on lumber shipments and transport costs. The results of the model indicate that aggregate cost redutions obtained through deregulation are likely to be small. The pattern of intercoastal shipments could change a great deal, however, with U.S. producers picking up a large share of the Northeast market. |
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Keywords: | Address reprint request to Roy Boyd University of Wisconsin—Milwaukee Department of Economics Milwaukee WI 53201 |
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