Is there a price premium for certified wood? Empirical evidence from log auction data in Japan

Author(s): Yamamoto, Y. Takeuchi, K. Shinkuma, T.
Publication Year: 2014
Publication Type: Journal Article
Source: Forest Policy and Economics (38, 168-172)
Code:
Access to the Study:
Permanent Resource Identifier: Open link
FSC Resource Identifier: Open link
Collections: FSC Research Portal
Abstract

We investigate the price premium on certified wood from sustainable forests, using data from more than 38,000 log transactions in Shizuoka Prefecture, Japan. We found a positive and statistically significant effect of certification. The premium added by certification was 1.4% more than the price of conventional logs. This was well in the lower range of additional willingness to pay found in previous studies that used stated preference techniques. The effect of certification varies by wood species. The premium for cedar is 4.0%, while that for cypress is statistically insignificant.

Summary
Sponsors
Citation
Sustainability dimension(s): 1. Economic
Subtopics: Price premium
Subject Keywords:
Regions: Asia
Countries: Japan
Forest Zones: (not yet curated)
Forest Type: (not yet curated)
Tenure Ownership: (not yet curated)
Tenure Management: (not yet curated)
Evidence Category: FSC effect-related studies
Evidence Type: Comparative study with matched control
Evidence Subtype: Data collected post-intervention
Data Type: (not yet curated)