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Implicit Price And Demand In Oligopolistic Competition: An Application To The U.S. Trout Market

Author

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  • Lee, Young-Jae
  • Kennedy, P. Lynn
  • Hilbun, Brian M.

Abstract

This study provides an example of how implicit price and demand models can be developed and used for empirical analysis. In particular, empirical application of these models can quantify the impact of implicit economic variables representing preference, relative price, production efficiency, the degree of price sensitivity to quantity supplied, and substitutability on market price and demand for domestic and imported products. Furthermore, the simultaneous impact of these implicit economic variables on market price and demand can be quantified using these implicit price and demand models.

Suggested Citation

  • Lee, Young-Jae & Kennedy, P. Lynn & Hilbun, Brian M., 2010. "Implicit Price And Demand In Oligopolistic Competition: An Application To The U.S. Trout Market," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 60824, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea10:60824
    DOI: 10.22004/ag.econ.60824
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    References listed on IDEAS

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    1. James L. Seale & Mary A. Marchant & Alberto Basso, 2003. "Imports versus Domestic Production: A Demand System Analysis of the U.S. Red Wine Market," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(1), pages 187-202.
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