An Examination of Inverse Demand Models: An Application to the U.S. Crawfish Industry

This study analyzes quantity impacts of imported crawfish tailmeat on Louisiana crawfish tailmeat prices, and demonstrates the statistical validity and proper interpretation of cross substitution within inverse demand systems. Among five inverse demand systems, the Differential Inverse National Bureau of Research (DINBR) model shows no violation of econometric assumptions for the data analyzed. By using Allais coefficients proposed by Barten and Bettendorf (1989), we show substitutability among the five fish species.


Issue Date:
2008
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/45661
Published in:
Agricultural and Resource Economics Review, Volume 37, Number 2
Page range:
243-256
Total Pages:
14




 Record created 2017-04-01, last modified 2017-08-25

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