3 a type of tree that grows in hot regions of the earth, or its dark, red-brown wood used esp. to make furniture: --
The stripes are mahogany-red+ on a pale ground.
As can be observed from table 2, as increases the user cost becomes larger for mahogany relative to all timber.
If exploitation of species are treated separately, each species user costs, as those estimated for mahogany, should be separately measured and then added up.
As will be seen, mahogany prices are far higher than any other timber variety.
They used to be craft objects made of mahogany, but nowadays can be made of plastic.
A maximum of six species (mahogany was the most common) were extracted at a density of 1-4 stems per ha.
For both total timber stocks and stocks of just mahogany, they find that the net-price estimates greatly exceed the user-cost estimates under all assumptions.
These results suggest that mahogany exploitation is being undertaken in a mining process and scarcity is reflected in market transactions.
