Price Behavior in the Pulp and Paper
Research Theme: Globalization
Project Objective Statement: Explain price
behavior, identify the causative factors, estimate various
elasticities, and build models for understanding price movements in
the pulp and paper industry.
Project summary: Significant and unpredictable
pulp and paper price movements have had a number of serious
consequences for the pulp & paper industry, including excess
capacity, unintended inventory build-up, and financial losses. And
in the long term, unanticipated price movements will threaten the
economic viability of the industry.
The primary focus of this project is pulp and paper product
price. The general objective is to advance academic research on
price behavior using modern econometric methods, and to enhance the
industry's understanding of past and, by extension, future price
movements in the pulp and paper industry. Specifically, we will
build statistical price behavior models for various segments of the
industry in order to explain price behavior, identify the causative
factors, and estimate price elasticities.
Contact: Prof. Haizheng Li, School of
Economics, Georgia Institute of Technology
Tel: 404 894-3542
Planned Duration: 3 years; started in Fall