@article{Houtsma:233635,
      recid = {233635},
      author = {Houtsma, John J.},
      title = {The Effects of Imports on United States Groundfish Prices},
      address = {1970-07},
      number = {1507-2016-130821},
      series = {File Manuscript},
      pages = {139},
      year = {1970},
      abstract = {This study „estimates the magnitude of the effect of  the
increase in groundfish imports on U.S. groundfish  prices. The
estimate is based on an analysis of the changes  in supply and
demand in the U.S. landings market.
The  short-run was found to be perfectly inelastic; changes  in
supply are therefore equal to changes in landings. The  singleequation
model was used to estimate several demand  equations for
the wholesale level and the implications for  the landings level
were derived. The following demand  equation gave the best fit:
log Qfsp = -.61 -.46 log  II!2.12
(.17)
Pm&p
*Significant at 0.05 level
**Significant  at 0.01 level
.26 log Y .044 D1**
(.26)  (.012)
R
2
(Adjusted) =95.7
Durbin-Watson d = 1.83
.013  D
2
t**
.003)
The conclusions of the study are:
1. The  decline of U.S. groundfish prices in the 1950Ts resulted   from two factors: the drop in meat and poultry prices and  the
increase In imports, with the latter causing prices to  drop by
less than 8.1 percent.
2. The effects of imports on  U.S. groundfish prices have been
grossly overestimated in a  recent study by the U.S. Bureau of
Commercial Fisheries.},
      url = {http://ageconsearch.umn.edu/record/233635},
      doi = {https://doi.org/10.22004/ag.econ.233635},
}