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The Impact Of Inventory On Tuna Price: An Application Of Scaling In The Rotterdam Inverse Demand System

Author

Listed:
  • Chiang, Fu-Sung
  • Lee, Jonq-Ying
  • Brown, Mark G.

Abstract

This study adopted the scaling approach to examine the impacts of inventories on tuna auction prices in Japan using the Rotterdam inverse demand system. The inclusion of two inventory variables in the model only increases the number of parameters by two. Results indicate that frozen tunas are more likely to be close substitutes, fresh and frozen tunas of the same species are also likely to be substitutes, and inventory had significant impacts on auction prices.

Suggested Citation

  • Chiang, Fu-Sung & Lee, Jonq-Ying & Brown, Mark G., 2001. "The Impact Of Inventory On Tuna Price: An Application Of Scaling In The Rotterdam Inverse Demand System," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(03), December.
  • Handle: RePEc:ags:joaaec:15445
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    File URL: http://purl.umn.edu/15445
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    References listed on IDEAS

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    1. Anonymous & Owen, Anthony D., 1994. "The Economics of Papua New Guinea's Tuna Fisheries," Monographs, Australian Centre for International Agricultural Research, number 119355.
    2. Brown, Mark G & Lee, Jonq-Ying & Seale, James L, Jr, 1995. "A Family of Inverse Demand Systems and Choice of Functional Form," Empirical Economics, Springer, vol. 20(3), pages 519-530.
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    Cited by:

    1. Martin F. Quaas & Till Requate, 2013. "Sushi or Fish Fingers? Seafood Diversity, Collapsing Fish Stocks, and Multispecies Fishery Management," Scandinavian Journal of Economics, Wiley Blackwell, vol. 115(2), pages 381-422, April.
    2. Laurent Gobillon & François Charles Wolff & Patrice Guillotreau, 2013. "Evaluating the law of one price using micro panel data," PSE Working Papers halshs-00849075, HAL.
    3. Chin-Hwa Jenny Sun & Fu-Sung Chiang & Dale Squires, 2017. "More Landings for Higher Profit? Inverse Demand Analysis of the Bluefin Tuna Auction Price in Japan and Economic Incentives in Global Bluefin Tuna Fisheries Management," Working Papers 1701, Institute of Applied Economics, National Taiwan Ocean University, Taiwan, revised Aug 2017.
    4. Andrew Muhammad & Terrill R. Hanson, 2009. "The importance of product cut and form when estimating fish demand: the case of U.S. Catfish," Agribusiness, John Wiley & Sons, Ltd., vol. 25(4), pages 480-499.
    5. Eric Sjöberg, 2014. "Pricing the Fish Market- Does size matter?," Working Paper Series, Department of Economics, University of Utah 2014_01, University of Utah, Department of Economics.
    6. Chin-Hwa Jenny Sun & Fu-Sung Chiang & Patrice Guillotreau & Dale Squires, 2015. "Fewer Fish for Higher Profits? Price Response and Economic Incentives in Global Tuna Fisheries Management," Working Papers hal-01110771, HAL.

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