Animal Sciences Commons^™

The Demand For Aquacultural Products In Taiwan -- An Inverse Demand System Approach, Fu-Sung Chiang, Jonq-Ying Lee

Journal of Marine Science and Technology

This study compared two inverse demand systems, the Rotterdam inverse demand system and the Laitinen-Theil inverse demand system, to analyze the demand relationships among aquacultural products in Taiwan. Results demonstrate that the Laitinen-Theil’s inverse demand system fits the data better than the Rotterdam inverse demand system. The demand relationships among five groups of aquacultural products, tilapia, milkfish, other aquaculture fish, shrimp, and shellfish were examined. Monthly transaction prices from local fish markets and per capita consumption for the period from July 1990 through December 1995 for these five groups of aquacultural products were used in this study. Results show that …