@article{Muhammad:56660,
      recid = {56660},
      author = {Muhammad, Andrew and Jones, Keithly G.},
      title = {An Assessment of Dynamic Behavior in the U.S. Catfish  Market: An Application of the Generalized Dynamic Rotterdam  Model},
      journal = {Journal of Agricultural and Applied Economics},
      address = {2009-12},
      number = {1379-2016-112910},
      pages = {14},
      year = {2009},
      abstract = {The generalized dynamic Rotterdam model was used in  estimating U.S. demand for disaggregated
catfish. The  overall goal was to examine habit persistence in  consumption and to
determine the adjustment process in  demand. Results indicated that it took up to 1 month  for
catfish-product demand to fully adjust to changes in  expenditures and prices. Additionally,
habit persistence  played a role in demand where present consumption of a  given product was
positively affected by past consumption  of that product. Consequently, U.S. catfish demand
was  significantly more elastic in the long-run.},
      url = {http://ageconsearch.umn.edu/record/56660},
      doi = {https://doi.org/10.22004/ag.econ.56660},
}