A WELFARE ANALYSIS OF EL NINO FORECASTS IN THE INTERNATIONAL TRADE OF FISH MEAL - AN APPLICATION OF STOCHASTIC SPATIAL EQUILIBRIUM MODEL

Sun, Chin-Hwa, Chiang, Fu-Sung, Liu, Te-Shi and Chang, Ching-Cheng

No 20770, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study identifies the potential marine environment and economic effects of El Nino on anchovy, herring and sardine fisheries in the eastern equatorial Pacific. By considering the uncertainly of El Nino, this study used a stochastic spatial equilibrium model to evaluate the social welfare gains of 1997/98 El Nino forecasts in the international trade of fish-meal.

Keywords: International Relations/Trade (search for similar items in EconPapers)
Date: 2001
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