Analysis of demand for canned pink salmon Public Deposited

http://ir.library.oregonstate.edu/concern/graduate_thesis_or_dissertations/k643b351n

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  • The purpose of the study was to estimate the parameters of the demand equation for canned pink salmon at the processor-distributor level. Opening prices for the years 1951 to 1965 were used, along with disposable income and tuna prices, as an independent variable in a demand equation in which quantity demanded was the dependent variable. The method of least squares was applied to estimate the coefficients of the linear equations. These coefficients for the demand equation were used to calculate price, income, and cross-elasticity figures. It was tentatively concluded that, at the processor-distributor level, the demand is price-elastic, while the computed elasticities were >1 and <1 for income and tuna prices, respectively. The effect of inventories was explored and found to have a significant impact on the demand analysis, although further work is required here.
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