An Assessment of Dynamic Behavior in the U.S. Catfish Market: An Application of the Generalized Dynamic Rotterdam Model

Andrew Muhammad and Keithly Jones

Journal of Agricultural and Applied Economics, 2009, vol. 41, issue 3, 14

Abstract: The generalized dynamic Rotterdam model was used in estimating U.S. demand for disaggregated catfish. The overall goal was to examine habit persistence in consumption and to determine the adjustment process in demand. Results indicated that it took up to 1 month for catfish-product demand to fully adjust to changes in expenditures and prices. Additionally, habit persistence played a role in demand where present consumption of a given product was positively affected by past consumption of that product. Consequently, U.S. catfish demand was significantly more elastic in the long-run.

Keywords: Agribusiness; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Institutional and Behavioral Economics (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: An Assessment of Dynamic Behavior in the U.S. Catfish Market: An Application of the Generalized Dynamic Rotterdam Model (2009)
Working Paper: AN ASSESSMENT OF DYNAMIC BEHAVIOR IN THE U.S. CATFISH MARKET: AN APPLICATION OF THE GENERALIZED DYNAMIC ROTTERDAM MODEL (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:56660

DOI: 10.22004/ag.econ.56660

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