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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

Abstract: 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)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:47202

DOI: 10.22004/ag.econ.47202

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