Econometric Estimation of World Salmon Demand
AbstractThis paper reports the estimation of a single equation model of the world market price of salmon over the period 1958-1982. The equation estimated explains the equilibrium price in terms of world salmon landings, OECD consumer expenditures, and the price of a substitute. The equation is specified dynamically. It implies relatively elastic short-run responses of demand to price and income changes, together with the persistence of habits over a longer period.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 03 (1986)
Issue (Month): 2 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Demand and Price Analysis; Environmental Economics and Policy; Resource /Energy Economics and Policy;
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