IDEAS home Printed from https://ideas.repec.org/a/ucp/mresec/doi10.1086-693360.html
   My bibliography  Save this article

An Analysis of the US Shrimp Market: A Mixed Demand Approach

Author

Listed:
  • Maryam Tabarestani
  • Walter R. Keithly Jr.
  • Hassan Marzoughi-Ardakani

Abstract

This study examines the US demand for shrimp differentiated by source including eight import sources (China, Ecuador, India, Indonesia, Mexico, Thailand, Vietnam, and rest of world [ROW]) and three domestic sources (Gulf of Mexico landings by size category). Due to endogeneity of import quantities and exogeneity of Gulf of Mexico landings, by size category, a mixed Rotterdam demand model was used to estimate the eleven-equation demand system. Results associated with the import component of the model appear satisfactory, with negative own-price elasticities and positive cross-price elasticities (implying substitutability among import sources). Many of the cross-price elasticities, however, were small. A 1% change in all import prices was found to result in a 0.98% change in the Gulf of Mexico dockside price; an expected result given the large share of total US shrimp supply represented by imports.

Suggested Citation

  • Maryam Tabarestani & Walter R. Keithly Jr. & Hassan Marzoughi-Ardakani, 2017. "An Analysis of the US Shrimp Market: A Mixed Demand Approach," Marine Resource Economics, University of Chicago Press, vol. 32(4), pages 411-429.
    • Handle: RePEc:ucp:mresec:doi:10.1086/693360
    DOI: 10.1086/693360
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/693360
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/693360
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/693360?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hjertstrand, Per, 2022. "Nonparametric Analysis of the Mixed-Demand Model," Working Paper Series 1430, Research Institute of Industrial Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:mresec:doi:10.1086/693360. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/MRE .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.