The primary purpose of the study was to identify the demand
for processed salmon from the West Coast. The basic approach in
the demand analysis was to identify those variables that determine
the supply and demand for processed salmon. An econometric model
was established containing the supply and demand equations from
which estimates for the parameters in each equation were obtained.
The main source of data for salmon was obtained from publications
printed by the Bureau of Commercial Fisheries, and the Pacific
Fisherman. Ordinary least squares using the wholesale price as
the dependent variable in the demand equation was the principal
method of analysis.
Coefficients for the demand expressed flexibilities with respect
to the price. Price flexibilities calculated at the mean values for all
processed salmon indicated that a ten percent increase in volume would reduce price by a lesser percentage. For increases in the
supply of processed salmon, total revenues would increase, where
decreases in supply would cause total revenues to decline.
The results of the study also indicated that for a small percentage
increase in disposable income, prices would increase but by a
lesser percentage. Inverse relationships were noted between the
price of salmon and the quantity of canned meat and meat products.
Effects of population changes on the price of processed salmon were
inconclusive. / Graduation date: 1970
| Identifer | oai:union.ndltd.org:ORGSU/oai:ir.library.oregonstate.edu:1957/26507 |
| Date | 04 September 1969 |
| Creators | Wood, William Robert |
| Contributors | Johnston, Richard S. |
| Source Sets | Oregon State University |
| Language | en_US |
| Detected Language | English |
| Type | Thesis/Dissertation |
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