英文摘要 |
Based on both quantity and value production, aquaculture plays a very important role in Taiwan fishery production. This study used the demand theory to develop a demand system for the aquaculture products in Taiwan. The supply of the aquaculture products is quite inelastic, indicating an inverse demand system with prices dependent on quantities may be more appropriate than the direct demand system. This study examined and compared five inverse demand systems using monthly transaction data from the fish markets in Taiwan area. For the Taiwan's aquaculture products and for the modelling price-dependent demand, a synthetic model is more appropriate than other inverse demand models. Results of this study indicates that milkfish has the highest own-flexibility at -0.664, with tilapia and other aquaculture fishes having own-flexibilities of -0.367 and -0.015, respectively. In addition, a one-percent increase in aggregate quantity of aquaculture fishes would result in decreases in the normalized prices of 1.17%, 0.96% and 0.67% for milkfish, tilapia and other aquaculture fishes, respectively. |