U.S. Demand for Source–Differentiated Shrimp: A Differential Approach
Keithly Jones (),
David J. Harvey,
William Hahn () and
Andrew Muhammad ()
Journal of Agricultural and Applied Economics, 2008, vol. 40, issue 2, 13
Estimates of price and scale elasticities for U.S. consumed shrimp are derived using aggregate shrimp data differentiated by source country. Own-price elasticities for all countries had the expected negative signs, were statistically significant, and inelastic. The scale elasticities for all countries were positive and statistically significant at the 1% level with only the United States and Ecuador having scale elasticities of less than one. For the most part, the compensated demand effects showed that most of the cross-price effects were positive. Our results also suggest that despite the countervailing duties imposed by the United States, shrimp demand was fairly stable.
Keywords: Agribusiness; Farm Management; Food Consumption/Nutrition/Food Safety; Production Economics (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:47202
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