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Price Determination In The U.S. Shrimp Market

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  • Adams, Charles M.
  • Prochaska, Fred J.
  • Spreen, Thomas H.

Abstract

The monthly and quarterly price determination processes for 31-40 and 21-25 size classes of raw-headless shrimp were examined to determine price leadership between market levels. Causal relationships were assessed using Haugh-Pierce, Sims, and Granger methods. Price models at the retail, wholesale, and exvessel market levels were estimated. Economic factors analyzed were income, prices of competing products, landings and imports of raw headless shrimp, total retail supply, beginning stocks, and marketing costs. Monthly prices generally exhibited unidirectional causality from exvessel to retail price. Quarterly prices were determined interdependently among market levels. Price responses between market levels were found to by symmetric with beginning stocks, landings, and imports of own-size shrimp the most important determinants of price.

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Bibliographic Info

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

Volume (Year): 19 (1987)
Issue (Month): 02 (December)
Pages:

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Handle: RePEc:ags:sojoae:30209

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Web page: http://www.saea.org/jaae/jaae.htm
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Keywords: Demand and Price Analysis;

References

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  1. Spreen, Thomas H. & Shonkwiler, John Scott, 1981. "Causal Relationships In The Fed Cattle Market," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(01), July.
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Cited by:
  1. Riechers, Robin & Hinson, Roger A., 1988. "Price Relationships Between Regionally Important Fresh Vegetable Markets," Journal of Food Distribution Research, Food Distribution Research Society, vol. 19(2), September.
  2. Diop, Hamady & Harrison, R. Wes & Keithly, Walter R., Jr., 1999. "Impact Of Increasing Imports On The United States Southeastern Region Shrimp Processing Industry 1973-1996," 1999 Annual meeting, August 8-11, Nashville, TN 21647, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  3. Zhou, Xia (Vivian) & Shaik, Saleem, 2008. "Demand Analysis for Shrimp in the United States," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6524, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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