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1 June 2012 An Inverse Almost Ideal Demand System for Mussels in Europe
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Abstract

This study used monthly data on ex-farm prices and quantities of mussels from five major mussel-producing countries in Europe to estimate a nonlinear Inverse Almost Ideal Demand System (IAIDS). The model specification fits well with monthly data from 2002–2008. Uncompensated own-price flexibilities for farmed mussels from Spain, France, Italy, and the Netherlands are inflexible, while demand for Denmark's wild stock mussels is flexible. Dutch mussels are deemed a luxury food, while preferences for mussels from other countries appear independent of the level of total expenditure (i.e., homothetic preferences). The results also show weak substitution relationships between mussels from these countries.

JEL Classification Code: Q22

NGUYEN TIEN THONG "An Inverse Almost Ideal Demand System for Mussels in Europe," Marine Resource Economics 27(2), 149-164, (1 June 2012). https://doi.org/10.5950/0738-1360-27.2.149
Published: 1 June 2012
JOURNAL ARTICLE
16 PAGES

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