IMPLICIT PRICE AND DEMAND IN OLIGOPOLISTIC COMPETITION: AN APPLICATION TO THE U.S. TROUT MARKET

Young-Jae Lee, P. Lynn Kennedy and Brian M. Hilbun

No 60824, 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado from Agricultural and Applied Economics Association

Abstract: This study provides an example of how implicit price and demand models can be developed and used for empirical analysis. In particular, empirical application of these models can quantify the impact of implicit economic variables representing preference, relative price, production efficiency, the degree of price sensitivity to quantity supplied, and substitutability on market price and demand for domestic and imported products. Furthermore, the simultaneous impact of these implicit economic variables on market price and demand can be quantified using these implicit price and demand models.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 21
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea10:60824

DOI: 10.22004/ag.econ.60824

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