FINDING NEMO: ESTIMATING IMPORT DEMAND FOR LIVE REEF FOOD FISH
Elizabeth H. Petersen,
Geoffrey Muldoon and
No 137941, 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia from Australian Agricultural and Resource Economics Society
Reef fish traded alive for table food are high value-to-volume products, with demand centred in Hong Kong and southern mainland China. Import demand functions for live reef food fish are estimated for Hong Kong, in aggregate and for individual fish species. Cross-price, income and population elasticities, and the impact of SARS and Chinese New Year on demand, are estimated. Results show that price has a smaller influence on import demand than expected. The most influential factor is Chinese New Year. The price of low and medium-value species exhibited a negative impact, whereas the price of very high-value species exhibited a positive impact, on demand. This suggests that high-value live reef species may be Veblen goods, where consumption increases as a direct function of its price, in this case due to associated prestige and status.
Keywords: Demand and Price Analysis; International Relations/Trade; Livestock Production/Industries (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:aare05:137941
Access Statistics for this paper
More papers in 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().