Home About Browse Search

Wendel Örtqvist, Lina, 2022. Consumption relationship analysis on Salmon and Cod : quadratic Almost Ideal Demand System approach. First cycle, G2E. Uppsala: SLU, Dept. of Economics



There is an endangerment of cod stocks in Sweden. It has been found that farmed salmon from aquacultures is a more sustainable alternative to the overfished and endangered cod. In terms of the consumption relationship between salmon and cod, is it complementary or substitutional?
This thesis conducted a consumption analysis on the economic relationship between salmon and cod by Quadratic Almost Ideal Demand System (QUAIDS) approach using data on daily barcode observations from ICA Maxi Nacka, Sweden. The own-price elasticities for salmon and cod showed that the own-price elasticities of fish are negative, implying that both cod and salmon are normal goods for Swedish consumers. This is in line with previous literature and expectations. The hypothesis of salmon being a substitute to cod was rejected as the cross-price elasticities results implied that salmon and cod are complements to each other. There is scarcity of cod demand and substitutions studies that are published. This complication gave this study the possibility to fill a small part of that huge gap of cod studies and contribute with new research on the topic.

Main title:Consumption relationship analysis on Salmon and Cod
Subtitle:quadratic Almost Ideal Demand System approach
Authors:Wendel Örtqvist, Lina
Supervisor:Huang, Wei
Examiner:Hart, Robert
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:1459
Year of Publication:2022
Level and depth descriptor:First cycle, G2E
Student's programme affiliation:NY008 Agronomprogrammet ekonomi 300 HEC
Supervising department:(NL, NJ) > Dept. of Economics
Keywords:Substitution, complements, demand, cross-price elasticities
Permanent URL:
Subject. Use of subject categories until 2023-04-30.:Consumer economics
Fisheries and aquaculture - General aspects
Fisheries production
Deposited On:29 Sep 2022 07:44
Metadata Last Modified:30 Sep 2022 01:02

Repository Staff Only: item control page


Downloads per year (since September 2012)

View more statistics