Journal Article

Generalized Models of Japanese Demand for Fish

James Eales, Catherine Durham and Cathy R. Wessells

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 79, issue 4, pages 1153-1163
Published in print November 1997 | ISSN: 0002-9092
Published online November 1997 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244272
Generalized Models of Japanese Demand for Fish

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  • Household Behaviour and Family Economics
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Given a relative lack of knowledge about Japanese consumer preferences for fish, Japanese fish demand is modeled using both Marshallian (ordinary) and inverse demand systems, each of which nests a number of competing specifications. Results indicate that the inverse demand systems dominate the ordinary demand systems in forecasting performance and in nonnested tests. The inverse system suggests that Japanese fish prices are less responsive to changes in consumption than found in previous studies.

Keywords: almost ideal demand system; differential demand systems; inverse demand; ordinary demand; Rotterdam; D120; Q110; Q170; Q220

Journal Article.  0 words. 

Subjects: Household Behaviour and Family Economics ; Renewable Resources and Conservation ; Agricultural Economics

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