Title page for ETD etd-06272001-105402

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
  • NIPF landowners
  • MBDC
  • reservation price
Date of Defense 2001-06-08
Availability unrestricted
The 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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