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An Econometric Analysis of Shrimp Ex-Vessel Prices, 1950—1968

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  • John P. Doll

Abstract

A five-equation demand model of the U.S. shrimp market was estimated using annual data for the period from 1950 to 1968. Prices, consumption, and ending stocks were the jointly determired variables; predetermined variables were shrimp supplies and consumer income. Exvessel price variations resulted largely from variations in domestic landings. Imports reduced the general level of ex-vessel prices but did not contribute substantially to price variability except in isolated instances. Large price drop occurred during periods of recession when increases in demand were slowed and stock began to build, while landings and imports increased substantially over the previous year.

Suggested Citation

  • John P. Doll, 1972. "An Econometric Analysis of Shrimp Ex-Vessel Prices, 1950—1968," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(3), pages 431-440.
    • Handle: RePEc:oup:ajagec:v:54:y:1972:i:3:p:431-440.
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    File URL: http://hdl.handle.net/10.2307/1239159
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    Cited by:

    1. Thompson, Mark E. & Roberts, Kenneth J., 1982. "An Econometric Analysis Of The U.S. Shrimp Market," 1982 Annual Meeting, August 1-4, Logan, Utah 279454, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Julia Bronnmann & Jens-Peter Loy & Karen J. Schroeder, 2016. "Characteristics of Demand Structure and Preferences for Wild and Farmed Seafood in Germany: An Application of QUAIDS Modeling with Correction for Sample Selection," Marine Resource Economics, University of Chicago Press, vol. 31(3), pages 281-300.

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