PROCESSOR DEMAND AND PRICE-MARKUP FUNCTIONS FOR CATFISH: A DISAGGREGATED ANALYSIS WITH IMPLICATIONS FOR THE OFF-FLAVOR PROBLEM

Henry Kinnucan, Scott Sindelar, David Wineholt and L. Upton Hatch

Southern Journal of Agricultural Economics, 1988, vol. 20, issue 2, 12

Abstract: Off-flavor in catfish restricts farm marketings 10 to 45% depending on the season. The economic impact on society of this imposed supply restriction depends, in part, on the elasticity of demand for catfish. Econometric estimates based on disaggregated processing plant data indicate an elastic demand at the processor level but an inelastic demand at the farm level. Short-run social welfare gains from the elimination of off-flavor are estimated to equal 12.0% of farm revenues ($10.0 million in 1983). The inelastic demand for catfish at the farm level, however, means that most of the societal gains will accrue to individuals beyond the farm gate. Thus, an economic justification exists for public sector funding of off-flavor research.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1988
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://ageconsearch.umn.edu/record/29270/files/20020081.pdf (application/pdf)

Related works:
Journal Article: Processor Demand and Price-Markup Functions for Catfish: A Disaggregated Analysis with Implications for the Off-Flavor Problem (1988)
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:sojoae:29270

DOI: 10.22004/ag.econ.29270

Access Statistics for this article

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