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Estimating Wholesale Demand for Live Reef Food Fish in Hong Kong

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  • Wholesale demand systems for live reef food fish in Hong Kong are analysed using the Linear Approximate Almost Ideal Demand System (LA/AIDS). Results suggest that price elasticities of demand are inelastic, with relatively high-valued species exhibiting greater elasticity than relatively low-valued species. Cross price elasticities are negative suggesting that different live reef fish species are complements. Live reef fish are found to be normal goods, with relatively high-valued species being less expenditure-elastic than relatively low-valued species. SARS is found to shift expenditure away from high-valued species to low-valued species. There is no evidence that Chinese New Year has a significant impact on demand.
  • Keywords: LA/AIDS Demand Analysis, Live Reef Food Fish, Trade
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  • Petersen, Elizabeth. 2006. Estimating Wholesale Demand for Live Reef Food Fish in Hong Kong. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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  • The National Oceanic & Atmospheric Administration Marine Fisheries Service, United States Department of Commerce (NOAA Fisheries); United Kingdom Department for Environment, Food and Rural Affairs (DEFRA); The United States Agency for International Development supported Aquaculture Collaborative Research and Support Program (ACRSP).
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