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The Impact of Inventory on Tuna Price: An Application of Scaling in the Rotterdam Inverse Demand System

Published online by Cambridge University Press:  12 June 2017

Fu-Sung Chiang ,
Jonq-Ying Lee  and
Mark G. Brown
Fu-Sung Chiang
Affiliation:
Institute of Applied Economics, National Taiwan Ocean University, Keelung, Taiwan, Republic of China
Jonq-Ying Lee
Affiliation:
Florida Department of Citrus, Gainesville, Florida
Mark G. Brown
Affiliation:
Florida Department of Citrus, Gainesville, Florida
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Abstract

This study adopted the scaling approach to examine the impacts of inventories on tuna auction prices in Japan using the Rotterdam inverse demand system. The inclusion of two inventory variables in the model only increases the number of parameters by two. Results indicate that frozen tunas are more likely to be close substitutes, fresh and frozen tunas of the same species are also likely to be substitutes, and inventory had significant impacts on auction prices.

Keywords

scalingRotterdam inverse demand systemtunainventory
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 33 , Issue 3 , December 2001 , pp. 403 - 411
Copyright
Copyright © Southern Agricultural Economics Association 2001

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