Econometric Estimation of World Salmon Demand
- 1 January 1986
- journal article
- Published by University of Chicago Press in Marine Resource Economics
- Vol. 3 (2) , 169-182
- https://doi.org/10.1086/mre.3.2.42871986
Abstract
This paper reports the estimation of a singleequation model of the world market price of salmon over the period 1958-1982. The equation estimated explains the equilibrium price in terms of world salmon landings, OECD consumer expenditures, and the price of a substitute. The equation is specir fied dynamically. It implies relatively elastic short-run responses of demand to price and income changes, together with the persistence of habits over a longer period.Keywords
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