THE IMPACT OF INVENTORY ON TUNA PRICE: AN APPLICATION OF SCALING IN THE ROTTERDAM INVERSE DEMAND SYSTEM

Fu-Sung Chiang, Jonq-Ying Lee and Mark G. Brown

Journal of Agricultural and Applied Economics, 2001, vol. 33, issue 3, 9

Abstract: This study adopted the scaling approach to examine the impacts of inventories on tuna auction prices in Japan using the Rotterdam inverse demand system. The inclusion of two inventory variables in the model only increases the number of parameters by two. Results indicate that frozen tunas are more likely to be close substitutes, fresh and frozen tunas of the same species are also likely to be substitutes, and inventory had significant impacts on auction prices.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
https://ageconsearch.umn.edu/record/15445/files/33030403.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15445

DOI: 10.22004/ag.econ.15445

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).