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Demand Analysis for Shrimp in the United States

Listed author(s):
  • Zhou, Xia (Vivian)
  • Shaik, Saleem

This paper analyzes the demand for shrimp along with beef, pork, and chicken in the US food market, which contributes much to predicting supply strategies, consumer preferences and policy making. It focuses on the own and cross relationship between the expenditure share and price, income changes. An Almost Ideal Demand System (AIDs) model and two alternative specifications are used to estimate a system of expenditure share equations for shrimp, beef, pork, and chicken. Empirical results indicated that some insignificant slope coefficients and inappropriate signs of them did not comply with microeconomic theory. This could be caused by heteroscedasticity, autocorrelation, a limitation in the data used, or shrimp is a commodity that is quite different.

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File URL: http://purl.umn.edu/6524
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida with number 6524.

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Date of creation: 2008
Handle: RePEc:ags:aaea08:6524
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  1. Adams, Charles M. & Prochaska, Fred J. & Spreen, Thomas H., 1987. "Price Determination in the U.S. Shrimp Market," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 19(02), pages 103-111, December.
  2. Douglas Fisher & Adrian R. Fleissig & Apostolos Serletis, 2006. "An Empirical Comparison of Flexible Demand System Functional Forms," World Scientific Book Chapters,in: Money And The Economy, chapter 13, pages 247-277 World Scientific Publishing Co. Pte. Ltd..
  3. Heien, Dale & Pompelli, Greg, 1988. "The Demand For Beef Products: Cross-Section Estimation Of Demographic And Economic Effects," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(01), July.
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