MEASUREMENT OF SUBSTITUTABILITY BETWEEN U.S. DOMESTIC CATFISH AND IMPORTED FISH

Young-Jae Lee and P. Lynn Kennedy

No 46782, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: This study examines p-interdependence and quantifies q-substitutability between domestic catfish and different species of imported fish in the U.S. fish market. In doing so, this study uses cointegration analyses for p-interdependence and structural analyses for q-substitutability. Cointegration analysis identifies the long run price equilibria between U.S. domestic catfish and different species of imported fish. The structural analyses show a degree of q-substitutability.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2009-01-31
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:46782

DOI: 10.22004/ag.econ.46782

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