Foreign and domestic trade in canned salmon of the U.S. and Canada : the effect on the derived demand of the fishermen

• Main Author: Onuorah, Michael Chukwuemeka
• Other Authors: Johnston, Richard S., Conklin, Frank S., Agricultural Economics, Oregon State University. Graduate School
• Format: Master Thesis
• Language: English; unknown
• Published: Oregon State University
• Subjects: Salmon fisheries > United States; Canada; Pink salmon
• Online Access: https://ir.library.oregonstate.edu/concern/graduate_thesis_or_dissertations/mk61rk413

The principal objective of the study was first to present a historical discussion of foreign and domestic trade in canned salmon in the United States and Canada, and secondly, to estimate the ex-vessel derived demand characteristics for red and pink salmon facing the fishermen in both countries. Secondary sources were used to satisfy the first objective. With respect to the second objective, the least squares method was employed in the estimation of the coeffients of the various linear equations. With these coefficients from the demand equations, price flexibilities were computed at the mean values of the ex-vessel price and quantity (landings) figures (1956 to 1970 (U.S.) and 1947 to 1970 (Canada)). The statistical results indicated that prices are rather inflexible relative to landings. The price flexibility in the U.S. and Canada is almost the same. In each case, a ten percent increase in landings would tend to depress the ex-vessel prices of red and pink salmon by a smaller percentage. The impact of institutional change on the demand for canned salmon was investigated. Britain in 1958 relaxed its restrictive policy on imports of salmon. It was discovered that such an institutional change had a significant effect on the demand analysis of red salmon in the U.S. and Canada; however, the effect on the demand analysis of pink salmon in both countries was inconclusive.