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Demand Interaction Between Farmed Salmon And Wild Caught Fish In The United Kingdom

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  • Fofana, Abdulai
  • Clayton, Patty

Abstract

Demand relationships between salmon and a number of wild-caught whitefish and shellfish species using both single equation models and linearised AIDS system framework. The system is well represented although autocorrelation were found in both approaches but this is less of a problem in the systems approach. A cautious interpretation of the results indicated that salmon had a long-run market relationship with the whitefish species of cod, monkfish, saithe, whiting and plaice and with the shellfish species of mussels, nephrops, scallops and shrimp. These groups contain the main seafood species consumed within the United Kingdom, and therefore should include most potential substitutes for salmon.

Suggested Citation

  • Fofana, Abdulai & Clayton, Patty, 2003. "Demand Interaction Between Farmed Salmon And Wild Caught Fish In The United Kingdom," Miscellaneous Papers 11828, Agecon Search.
  • Handle: RePEc:ags:miscpa:11828
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    File URL: http://purl.umn.edu/11828
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    References listed on IDEAS

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    1. Giancarlo Moschini, 1995. "Units of Measurement and the Stone Index in Demand System Estimation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 63-68.
    2. Kjell G. Salvanes, 1997. "Market Delineation and Demand Structure," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 139-150.
    3. Eales, James S. & Unnevehr, Laurian J., 1994. "The inverse almost ideal demand system," European Economic Review, Elsevier, vol. 38(1), pages 101-115, January.
    4. Chalfant, James A, 1987. "A Globally Flexible, Almost Ideal Demand System," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(2), pages 233-242, April.
    5. Adolf Buse, 1994. "Evaluating the Linearized Almost Ideal Demand System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(4), pages 781-793.
    6. Frank Asche & Cathy R. Wessells, 1997. "On Price Indices in the Almost Ideal Demand System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1182-1185.
    7. Burton, Michael & Young, Trevor, 1992. "The Structure of Changing Tastes for Meat and Fish in Great Britain," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 19(2), pages 165-180.
    8. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    9. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, May.
    10. Bjorndal, Trond & Salvanes, Kjell G & Gordon, Daniel V, 1994. "Elasticity Estimates of Farmed Salmon Demand in Spain and Italy," Empirical Economics, Springer, vol. 19(3), pages 419-428.
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    Cited by:

    1. Henry W. Kinnucan & Øystein Myrland, 2006. "The Effectiveness of Antidumping Measures: Some Evidence for Farmed Atlantic Salmon," Journal of Agricultural Economics, Wiley Blackwell, vol. 57(3), pages 459-477.

    More about this item

    Keywords

    Demand; salmon; whitefish; shellfish; AIDS; elasticities; Demand and Price Analysis; Resource /Energy Economics and Policy; C32; C22; D12;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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