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Analysis Of The Impact Of Fish Imports On Domestic Crawfish Prices And Economic Welfare Using Inverse Demand Systems, Young-Jae Lee

LSU Doctoral Dissertations

This study is mainly intended to determine quantitatively the economic effects of crawfish imports on the domestic crawfish industry. Inverse demand systems are used to estimate the price and scale flexibility as an indicator for the effects of imports on crawfish domestic price. A variety of algebraic forms for empirical consumer allocation models have been developed. Economic theory, however, does not provide the necessary fundamental criteria to choose ex ante among the alternative specifications. Bartern (1993) and Brown, Lee, and Seale (1995) examined a family of inverse demand systems, showing that the integrated demand system, in its own right, has …