|
Symbol | The meaning of the expression | Symbol | The meaning of the expression |
|
| Transaction price | | Commission paid by both parties |
| The nonforestry revenue for the supplier | | When both parties realize the transaction, this represents the utility of the supplier. |
| The forestry revenue for the supplier | | When the supplier chooses a transaction and the demander chooses a nontransaction, this represents the utility of the supplier |
| The forestry revenue of the demander | | When the supplier chooses a nontransaction and the demander chooses a transaction, this represents the utility of the supplier |
| Nonforestry investment income of the demander | | When the supplier chooses a nontransaction and the demander chooses a nontransaction, this represents the utility of the supplier |
| The transaction probability of the supplier | | When the two sides realize the transaction, this represents the utility of the demander |
| The transaction probability of the demander | | When the supplier chooses a nontransaction and the demander chooses a transaction, this represents the utility of the demander |
| Transaction cost of supplier | | When the supplier chooses a transaction and the demander chooses a nontransaction, this represents the utility of the demander |
| Transaction cost of demander. | | When the supplier chooses a nontransaction and the demander chooses a nontransaction, this represents the utility of the demander. |
| The utility level of forest products of a unit | | The input required for forestry operation |
| The diminishing marginal returns generated by forestry production technologies | | The influence of forest rights exchange centers |
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