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Demand Analysis of Fresh and Frozen Finfish and Shellfish in the United States

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  • Hsiang-tai Cheng
  • Oral Capps

Abstract

Household expenditures for at-home consumption on three species of shellfish and five species of finfish were analyzed. Factors explaining the variation of expenditures on seafood commodities were own price, household income, coupon value, household size, geographic region, urbanization, race, and seasonality. Own-price elasticities ranged from −0.45 (flounder/sole) to −1.13 (oysters). Expenditures on fishery products were more sensitive to changes in household size than to changes in household income. Cross-price effects of red meat and poultry were not statistically significant. For comparison purposes, estimates of own-price, income, and household size elasticities from the literature were made with this set of elasticities.

Suggested Citation

  • Hsiang-tai Cheng & Oral Capps, 1988. "Demand Analysis of Fresh and Frozen Finfish and Shellfish in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(3), pages 533-542.
    • Handle: RePEc:oup:ajagec:v:70:y:1988:i:3:p:533-542.
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    1. James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 475-492, National Bureau of Economic Research, Inc.
    2. Capps, Oral, Jr. & Cheng, Hsiang-Tai, 1986. "The Missing Income Problem In The Analyses Of Engel Functions," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(1), pages 1-9, July.
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