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The Impact Of Inventory On Tuna Price: An Application Of Scaling In The Rotterdam Inverse Demand System

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  • Chiang, Fu-Sung
  • Lee, Jonq-Ying
  • Brown, Mark G.
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    Abstract

    This study adopted the scaling approach to examine the impacts of inventories on tuna auction prices in Japan using the Rotterdam inverse demand system. The inclusion of two inventory variables in the model only increases the number of parameters by two. Results indicate that frozen tunas are more likely to be close substitutes, fresh and frozen tunas of the same species are also likely to be substitutes, and inventory had significant impacts on auction prices.

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    File URL: http://purl.umn.edu/15445
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    Bibliographic Info

    Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

    Volume (Year): 33 (2001)
    Issue (Month): 03 (December)
    Pages:

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    Handle: RePEc:ags:joaaec:15445

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    Web page: http://www.saea.org/jaae/jaae.htm
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    Related research

    Keywords: scaling; Rotterdam inverse demand system; tuna; inventory; Demand and Price Analysis;

    References

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    1. Anonymous & Owen, Anthony D., 1994. "The Economics of Papua New Guinea's Tuna Fisheries," Monographs, Australian Centre for International Agricultural Research, number 119355.
    2. Brown, Mark G & Lee, Jonq-Ying & Seale, James L, Jr, 1995. "A Family of Inverse Demand Systems and Choice of Functional Form," Empirical Economics, Springer, vol. 20(3), pages 519-30.
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    Cited by:
    1. Gobillon, Laurent & Guillotreau, Patrice & Wolff, Fran├žois-Charles, 2013. "Evaluating the law of one price using micro panel data," CEPR Discussion Papers 9586, C.E.P.R. Discussion Papers.
    2. Quaas, Martin F. & Requate, Till, 2012. "Sushi or fish fingers? Seafood diversity, collapsing fish stocks, and multi-species fishery management," Economics Working Papers 2012-03, Christian-Albrechts-University of Kiel, Department of Economics.
    3. Andrew Muhammad & Terrill R. Hanson, 2009. "The importance of product cut and form when estimating fish demand: the case of U.S. Catfish," Agribusiness, John Wiley & Sons, Ltd., vol. 25(4), pages 480-499.
    4. repec:hal:wpaper:halshs-00849075 is not listed on IDEAS

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