Analysis of a Demand System for Unbreaded Frozen Seafood in the United States Using Store-level Scanner Data

Singh, Kehar; Dey, Madan M.; Surathkal, Prasanna

doi:10.5950/0738-1360-27.4.371

Cited by 35 publications

(24 citation statements)

References 35 publications

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“…In the case of salmon, for example, farmed and wild-caught product are found to be close substitutes, and increased production of farmed salmon has had a substantial impact on the market and prices for wild salmon species (Knapp, Roheim, and Anderson 2007;Nielsen et al 2007;Nielsen et al 2011). This article follows these previous studies and others that identify interactions among seafood products in the market (Gordon and Hannesson 1996;Jaffry, Pascoe, and Robinson 1999;Nielsen, Smit, and Guillen 2012;Singh, Dey, and Surathkal 2012), but we extend the cointegration analysis in this area by explicitly accounting for structural breaks. Despite the vast literature on the use of unit root tests in the presence of structural breaks, there are only a small number of multivariate cointegration analyses that address the issue of breaks in time series data.…”

Section: Introductionmentioning

confidence: 68%

Examining the Long-Run Relationship between the Prices of Imported Abalone in Japan

Hoshino¹,

Gardner²,

Jennings³

et al. 2015

Marine Resource Economics

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The rapid increase in production and trade of farmed abalone products is a presumed threat to wild abalone producing industries due to downward pressure on price. This article explores the long-run relationship and price dynamics of Australian wild-harvested abalone and other abalone imported into the Japanese market within a cointegration framework. Market integration is identified among fresh abalone products from six countries, with fairly stable relative prices, suggesting that Japanese consumers have a low level of product differentiation on the basis of origin. Consumers in the Japanese market are likely to willingly substitute between wild and farmed import product, placing continued pressure on price for Australian wild-harvested abalone suppliers into this market. A challenge for producers of wild-harvested product is the development of marketing strategies to build product differentiation and greater demand for wild products.

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Section: Introductionmentioning

confidence: 68%

Examining the Long-Run Relationship between the Prices of Imported Abalone in Japan

Hoshino¹,

Gardner²,

Jennings³

et al. 2015

Marine Resource Economics

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“…3 Demand elasticities vary between -0.2 and -1.7, with mean and median around -0.75 (Fousekis and Revell 2004;Davis et al 2007;Hong and Duc 2009;Sakai et al 2009;Xie et al 2009;Tiffin and Arnoult 2010;Asheim et al 2011;Muhammad and Jones 2011;Xie and Myrland 2011;Chidmi et al 2012;Singh et al 2012;Jones et al 2013). The values vary by product form, period length, income level and market location.…”

Section: Price Impactsmentioning

confidence: 99%

Disentangling supply and demand shifts: the impacts on world salmon price

Brækkan

2014

Applied Economics

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To understand price changes one must determine the relative impact of supply and demand shifts on price. Conditional on pre-determined supply and demand elasticities, we retrieve yearly shifts in regional supply and demand. The relative impact on price from each supply and demand shift is determined through an Equilibrium Displacement Model (EDM). This procedure is applied on a yearly basis for the world salmon market in the period from 2002 to 2011. The results indicate a large variation in demand and supply growth both over time and between regions. While average annual price impacts from supply or demand shifts from most regions were not statistically significant, price impacts from supply or demand shifts for specific periods are detected in all but one region. This indicates the use of smooth trend indicators is likely to be inappropriate for measuring supply and demand shifts and their impacts on price.The procedure presented in this paper can be a useful instrument for determining the relative impacts of supply and demand shifts on price in any market with unstable price behaviour.

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“…Dhar, Chavas and Gould (2003) used scanner data to test endogeneity issues of price and expenditure in a non-linear AIDS demand system for nine carbonated, non-diet soft drinks, and they strongly rejected the null hypothesis that price and expenditures were exogenous. Recent demand studies of seafood using scanner data include Chidmi et al (2012) and Singh et al (2012). Both studies specified AIDS models for seafood demand at different disaggregate data levels.…”

Section: Almost Ideal Demand Systemmentioning

confidence: 99%

“…Chidmi et al (2012) found substitution patterns across seafood categories, especially between import-dominant and domestic-dominant products, and they also found that promotions play significant roles in seafood purchases. Singh et al (2012) claimed the effects of previous week's purchases on current week's purchases, and the importance of habit formation, weekly substitutions, diversified and contrary preferences in demand analysis.…”

Section: Almost Ideal Demand Systemmentioning

confidence: 99%

A Demand Analysis for Crustaceans at the U.S. Retail Store Level

Nguyen

Hanson

Jolly

2013

Aquaculture Economics & Management

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& This study used a LA=AIDS model to estimate demand system for crustacean species, shrimp, crab, crawfish and lobster at the U.S. retail store level. Shrimp demand is price elastic; crab, crawfish and lobster are price inelastic. Shrimp price significantly affects market shares of crustacean products. Shrimp has more substitutes than other crustaceans, and lobster has less substitutes than others. The demand for crab and lobster grow faster than the demand for shrimp and crawfish when expenditure increases. Promotion has positive effects on market shares and sales volume of own products and negative effects on cross-products. Shrimp price-reduction promotion strategies will be effective in term of raising shrimp sales value. Marketing programs that increase consumers' marginal utility with an additional small increase in the selling price of crab, crawfish and lobster products will be feasible, and bring higher sale values.

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Analysis of a Demand System for Unbreaded Frozen Seafood in the United States Using Store-level Scanner Data

Cited by 35 publications

References 35 publications

Examining the Long-Run Relationship between the Prices of Imported Abalone in Japan

Examining the Long-Run Relationship between the Prices of Imported Abalone in Japan

Disentangling supply and demand shifts: the impacts on world salmon price

A Demand Analysis for Crustaceans at the U.S. Retail Store Level

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