AN ECONOMETRIC MODEL OF THE MARKET FOR NEW ENGLAND GROUNDFISH

Stephen R. Crutchfield

Northeastern Journal of Agricultural and Resource Economics, 1985, vol. 14, issue 2, 16

Abstract: This paper develops an economic model of the New England groundfish market. A multi-sector, multi-level econometric model is estimated using data from 1970 to 1982. The parameters of the estimated model are used to characterize consumer demand for groundfish and related products. Retail and exvessel demands for fresh and frozen groundfish fillets are found to be highly elastic. Fresh fillets especially show high income elasticity of demand, reflecting their status as a luxury good. Only a very small and statistically weak relationship was found between the prices of imported groundfish and domestic exvessel prices indicating that proposals to assist the domestic industry via tariffs may be ineffectual.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nejare:28946

DOI: 10.22004/ag.econ.28946

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