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annotated bibliography of fisheries economics literature - Office of ...

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Conceptually, the evoked set includes those specific products (e.g., catfish,<br />

shrimp, or flounder) that are evoked by the consumer in the context <strong>of</strong> a<br />

decision to purchase from the general category (fish and seafood). In this<br />

study the evoked set is operationally defined as consisting <strong>of</strong> those seafood<br />

items named in answering the question: What are your three favorite types <strong>of</strong><br />

fish and seafood?<br />

Data from a national survey are used to estimate a four equation<br />

recursive model <strong>of</strong> preference formation and consumption behavior. Results<br />

indicate consumer preferences for the top seven fish types (shrimp, lobster,<br />

catfish, cod, flounder, scallops, and salmon) are mainly a function <strong>of</strong> the<br />

consumer's geographical location and ethnicity. Consumer beliefs about fish<br />

product attributes (e.g., quality, flavor, nutrition) and product category use<br />

experience (frequency <strong>of</strong> fish consumption) in general are not significant<br />

preference determinants, although important exceptions are noted. The<br />

composition <strong>of</strong> the evoked set may have different behavioral implications<br />

depending on whether fish consumption occurs in the home or in a restaurant<br />

setting.<br />

Kinnucan, Henry W., Robert G. Nelson, and Johanis Hiariey (1993). "U.S.<br />

Preferences for Fish and Seafood: An Evoked Set Analysis." Marine<br />

Resource Economics, 8(3):273-291.<br />

This study uses the concept <strong>of</strong> an "evoked set" to test hypotheses about<br />

the determinants <strong>of</strong> consumer preferences for seafood. Results indicate<br />

consumer preferences for seven major fish species (shrimp, lobster, catfish,<br />

cod, flounder, scallops, and salmon) are mainly a function <strong>of</strong> the consumer's<br />

geographical location and ethnicity. Consumer beliefs about fish product<br />

attributes (e.g., quality, flavor, nutrition) and product category use<br />

experience (frequency <strong>of</strong> fish consumption) in general are not significant<br />

preference determinants, although important exceptions are noted. The<br />

composition <strong>of</strong> the evoked set may have different behavioral implications<br />

depending on whether fish consumption occurs in the home or in a restaurant<br />

setting.<br />

Kinnucan, Henry W., Robert G. Nelson, and Hui Xiao (1995). "Cooperative<br />

Advertising Rent Dissipation." Marine Resource Economics,<br />

10(4):373-384.<br />

Generic advertising is used by fish producers to accelerate demand<br />

growth or to alleviate temporary surpluses. Whether this cooperative<br />

promotional venture is pr<strong>of</strong>itable depends on a number <strong>of</strong> factors including<br />

industry supply response. A rent dissipation model applied to the U.S.<br />

catfish industry suggests the quasi-rents generated by increased advertising<br />

are more than sufficient to cover incremental costs over any reasonable time<br />

horizon.<br />

Kinnucan, Henry, Scott Sindelar, David Wineholt, and Upton Hatch (1988).<br />

"Processor Demand and Price-Markup Functions for Catfish: A<br />

Disaggregated Analysis with Implications for the Off-Flavor<br />

Problem." Southern Journal <strong>of</strong> Agricultural Economics,<br />

80(December):81-91.<br />

Off-flavor in catfish restricts farm marketing 10 to 45% depending on<br />

the season. The economic impact on society <strong>of</strong> this imposed supply restriction<br />

depends, in part, on the elasticity <strong>of</strong> demand for catfish. Econometric<br />

estimates based on disaggregated processing plant data indicate an elastic<br />

demand at the processor level but an inelastic demand at the farm level.<br />

Short run social welfare gains from the elimination <strong>of</strong> <strong>of</strong>f-flavor are<br />

estimated to equal 12.0% <strong>of</strong> farm revenues ($10.0 million in 1983). The<br />

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