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U.S. Demand for Source–Differentiated Shrimp: A Differential Approach

Published online by Cambridge University Press:  26 January 2015

Keithly Jones ,
David J. Harvey ,
William Hahn  and
Andrew Muhammad
Keithly Jones
Affiliation:
The Animal Products, Grains, and Oilseeds Branch, Markets and Trade Economics Division, Economic Research Service, USDA
David J. Harvey
Affiliation:
The Animal Products, Grains, and Oilseeds Branch, Markets and Trade Economics Division, Economic Research Service, USDA
William Hahn
Affiliation:
The Animal Products, Grains, and Oilseeds Branch, Markets and Trade Economics Division, Economic Research Service, USDA
Andrew Muhammad
Affiliation:
Department of Agricultural Economics, Mississippi State University
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Abstract

Estimates of price and scale elasticities for U.S. consumed shrimp are derived using aggregate shrimp data differentiated by source country. Own-price elasticities for all countries had the expected negative signs, were statistically significant, and inelastic. The scale elasticities for all countries were positive and statistically significant at the 1% level with only the United States and Ecuador having scale elasticities of less than one. For the most part, the compensated demand effects showed that most of the cross-price effects were positive. Our results also suggest that despite the countervailing duties imposed by the United States, shrimp demand was fairly stable.

Keywords

CBSconditional demandcountervailing dutyimportsscale elasticityshrimpC32D12Q13Q22
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 40 , Issue 2 , August 2008 , pp. 609 - 621
Copyright
Copyright © Southern Agricultural Economics Association 2008

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