@article{Petersen:137941,
      recid = {137941},
      author = {Petersen, Elizabeth H. and Muldoon, Geoffrey and Johnston,  Bill},
      title = {FINDING NEMO: ESTIMATING IMPORT DEMAND FOR LIVE REEF FOOD  FISH},
      address = {2005},
      number = {416-2016-26272},
      pages = {22},
      year = {2005},
      abstract = {Reef fish traded alive for table food are high  value-to-volume products, with demand
centred in Hong Kong  and southern mainland China. Import demand functions  for
live reef food fish are estimated for Hong Kong, in  aggregate and for individual fish
species. Cross-price,  income and population elasticities, and the impact of SARS  and
Chinese New Year on demand, are estimated. Results show  that price has a smaller
influence on import demand than  expected. The most influential factor is Chinese
New Year.  The price of low and medium-value species exhibited a  negative impact,
whereas the price of very high-value  species exhibited a positive impact, on demand.
This  suggests that high-value live reef species may be Veblen  goods, where
consumption increases as a direct function of  its price, in this case due to associated
prestige and  status.},
      url = {http://ageconsearch.umn.edu/record/137941},
      doi = {https://doi.org/10.22004/ag.econ.137941},
}