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

dc.contributor.authorYamamoto, Y.
dc.contributor.authorTakeuchi, K.
dc.contributor.authorShinkuma, T.
dc.date.accessioned2022-01-23T18:56:10Z
dc.date.available2022-01-23T18:56:10Z
dc.identifier.urihttps://open.fsc.org/handle/resource/725
dc.titleIs there a price premium for certified wood? Empirical evidence from log auction data in Japanen
dcterms.accessRightsPublic
dcterms.accessRightsLimited access
dcterms.bibliographicCitationYamamoto, Y.; Takeuchi, K.; Shinkuma, T., 'Is there a price premium for certified wood? Empirical evidence from log auction data in Japan', Forest Policy and Economics, 38, 2014, 168-172 pp.en
dcterms.issued2014
dcterms.languageen
dcterms.typeJournal Article
dspace.entity.typePublication
fsc.evidenceCategoryFSC impact-related
fsc.focus.sustainDimensionEconomic
fsc.subjectForests
fsc.subjectCertification
fsc.subjectFinance
fsc.topic.economicPrice premium
is.availability.fullTextFull text available
is.contact.emailyuuki00007@hotmail.com
is.contributor.memberForest Stewardship Council
is.coverage.countryJapan
is.coverage.countryAlpha2JP
is.coverage.geographicLevelCountry
is.coverage.latitude36.204824
is.coverage.longitude138.252924
is.coverage.regionEastern Asia
is.evaluation.counterfactsNo
is.evaluation.dataSourceIndependent researcher data
is.evaluation.quotesThe existence of a price premium is important for sustainable forest management. On the demand side, a precondition for a price premium is that customers have a willingness to pay more for certified wood products than for conventional products.
is.evaluation.quotesOur estimation results show that there is a price premium of 1.4% for certified timber in the Japanese market. This is in the lower range of the additional willingness to pay found in other studies. This can be attributed to institutional differences between Japan and other countries, the effect of supply volume, or overestimation resulting from the use of the stated preference technique. Forsyth et al. (1999), for example, found that the important factors considered by consumers purchasingwood products are quality and price, and certification has less of an impact on their decision making.
is.evidenceResourceTypePrimary
is.evidenceSubTypeEmpirical study - with matched control, data collected post-intervention
is.evidenceSummaryThe study asseses the extent to which certification of forest products results in certified products commanding a price premium through the study of certified log transactions in Japan.
is.evidenceTypeEmpirical study
is.extent.pages168-172
is.extent.volume38
is.focus.productsTimber products
is.focus.sdgSDG 12 - Responsible Production and Consumption
is.focus.sectorsAgriculture
is.focus.sectorsForestry
is.focus.sustainDimensionEconomic
is.focus.sustainIssueConsumers and supply chains
is.focus.sustainIssueParticipant costs and benefits
is.focus.sustainLensFinance
is.focus.sustainOutcomePrice premiums
is.focus.sustainOutcomeWillingness-to-pay
is.focus.systemElementMandE outcomes and impacts
is.focus.systemElementMandE performance monitoring
is.identifier.codeImpacts
is.identifier.doihttps://doi.org/10.1016/j.forpol.2013.07.002
is.identifier.fscdoihttp://dx.doi.org/10.34800/fsc-international690
is.identifier.schemeNameForest Stewardship Council
is.identifier.schemeNameProgramme for the Endorsement of Forest Certification
is.identifier.schemeTypeVoluntary Sustainability Standards
is.item.reviewStatusPeer reviewed
is.journalNameForest Policy and Economics
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