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Measurement Of Substitutability Between U.S. Domestic Catfish And Imported Fish

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  • Lee, Young-Jae
  • Kennedy, P. Lynn

Abstract

This study examines p-interdependence and quantifies q-substitutability between domestic catfish and different species of imported fish in the U.S. fish market. In doing so, this study uses cointegration analyses for p-interdependence and structural analyses for q-substitutability. Cointegration analysis identifies the long run price equilibria between U.S. domestic catfish and different species of imported fish. The structural analyses show a degree of q-substitutability.

Suggested Citation

  • Lee, Young-Jae & Kennedy, P. Lynn, 2009. "Measurement Of Substitutability Between U.S. Domestic Catfish And Imported Fish," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46782, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeana:46782
    DOI: 10.22004/ag.econ.46782
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    References listed on IDEAS

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