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Testing Structural Changes in the U.S. Whitefish Import Market: An Inverse Demand System Approach

Published online by Cambridge University Press:  15 September 2016

Frank Asche  and
Dengjun Zhang
Frank Asche*
Affiliation:
Department of Industrial Economics at University of Stavanger in Norway
Dengjun Zhang
Affiliation:
Department of Industrial Economics at University of Stavanger in Norway
*
Correspondence: Frank Asche ▪ Department of Industrial Economics ▪ University of Stavanger ▪ Ullandhaug, N-4036 ▪ Stavanger, Norway ▪ Phone +47 51832286 ▪ Email[email protected].
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Abstract

The seafood market has changed substantially in recent decades, becoming increasingly globalized. This has led to introduction of new species and new sources of fish in most markets. We estimate a seafood demand system that, unlike models in previous studies, accounts for potential structural shifts caused by these market changes. We investigate the impact of tilapia as a new species and China as a new source on demand for imported whitefish in the United States. The results indicate that price flexibilities change substantially over time and that the structural shift takes place over a prolonged period.

Keywords

aquacultureinverse demandstructural changewhitefish
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 42 , Issue 3 , December 2013 , pp. 453 - 470
Copyright
Copyright © 2013 Northeastern Agricultural and Resource Economics Association 

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