Shrimp Ex-Vessel Prices Landed from the Gulf of Mexico Academic Article uri icon

abstract

  • A 3SLS procedure is employed to analyze U.S. Gulf of Mexico shrimp ex-vessel prices by size class and import supplies using monthly time-series data for the period from 1981 to 1995. Results indicate that the U.S. Gulf of Mexico shrimp ex-vessel prices are inflexible. Own-price flexibilities range from -0.0663 to -0.1027. Primary substitutes for U.S. Gulf of Mexico shrimp are cross-size U.S. Gulf of Mexico shrimp and imported supplies from South America. Structural changes and seasonal variations are evident for U.S. Gulf of Mexico shrimp ex-vessel prices as well as import supplies. Copyright 1998 Marine Resources Foundation Inc.

published proceedings

  • Marine Resource Economics

author list (cited authors)

  • GILLIG, D., CAPPS,, O., & GRIFFIN, W. L.

citation count

  • 9

complete list of authors

  • GILLIG, DHAZN||CAPPS,, ORAL||GRIFFIN, WADE L

publication date

  • July 1998