Testing Structural Changes in the U.S. Whitefish Import Market: An Inverse Demand System Approach

The seafood market has changed substantially in recent decades, becoming increasingly globalized. This has led to introduction of new species and new sources of fish in most markets. We estimate a seafood demand system that, unlike models in previous studies, accounts for potential structural shifts caused by these market changes. We investigate the impact of tilapia as a new species and China as a new source on demand for imported whitefish in the United States. The results indicate that price flexibilities change substantially over time and that the structural shift takes place over a prolonged period.


Issue Date:
2013-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/161385
Published in:
Agricultural and Resource Economics Review, Volume 42, Number 3
Page range:
453-470
Total Pages:
18




 Record created 2017-04-01, last modified 2017-08-27

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