U.S. Demand for Source–Differentiated Shrimp: A Differential Approach Report as inadecuate




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Estimates of price and scale elasticities for U.S. consumed shrimp are derived usingaggregate shrimp data differentiated by source country. Own-price elasticities for allcountries had the expected negative signs, were statistically significant, and inelastic. Thescale elasticities for all countries were positive and statistically significant at the 1% levelwith only the United States and Ecuador having scale elasticities of less than one. For themost part, the compensated demand effects showed that most of the cross-price effects werepositive. Our results also suggest that despite the countervailing duties imposed by theUnited States, shrimp demand was fairly stable.

Keywords: CBS ; conditional demand ; countervailing duty ; imports ; scale elasticity ; shrimp

Subject(s): Agribusiness

Farm Management

Food Consumption/Nutrition/Food Safety

Production Economics

Issue Date: 2008-08

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/47202 Published in: Journal of Agricultural and Applied Economics, Volume 40, Number 2 Page range: 609-621

Total Pages: 13

JEL Codes: C32; D12; Q13; Q22

Record appears in: Southern Agricultural Economics Association (SAEA) > Journal of Agricultural and Applied Economics





Author: Jones, Keithly G. ; Harvey, David J. ; Hahn, William F. ; Muhammad, Andrew

Source: http://ageconsearch.umn.edu/record/47202?ln=en



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