Generalized Models of Japanese Demand for Fish

James Eales, Catherine Durham () and Cathy R. Wessells
Authors registered in the RePEc Author Service: Cathy A. Roheim

American Journal of Agricultural Economics, 1997, vol. 79, issue 4, 1153-1163

Abstract: Given a relative lack of knowledge about Japanese consumer preferences for fish, Japanese fish demand is modeled using both Marshallian (ordinary) and inverse demand systems, each of which nests a number of competing specifications. Results indicate that the inverse demand systems dominate the ordinary demand systems in forecasting performance and in nonnested tests. The inverse system suggests that Japanese fish prices are less responsive to changes in consumption than found in previous studies. Copyright 1997, Oxford University Press.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:79:y:1997:i:4:p:1153-1163

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