Table F-2.


Two stage Aitken's parameter estimates for Red Snapper and Groupera price equations


Dependent Florida Alabama Mississippi Louisiana Texas ncomed
variables Intercept catch catchc catch catch catchncome

Florida price of -0.01307 -0.0000163 -- -- --- 0.1593
 Red Snapper (.0915) (.000013) (.009)

Alabama price of -0.17401 0.0000386 -0.000021 --- --- --- 0.1079
 Red Snapper (.0876) (.000014) (.000011) (.008)

Mississippi price 0.14002 -0.0000059 --- -0.0000317 --- --- 0.0843
 of Red Snapper (.0463) (.0000062) (.000005) (.004)

Louisiana price -0.04688 0.0000261 --- -0.0000386 --- 0.0691
 of Red Snapper (.1343) (.000019) (.00005) (.0139)
Texas price of 0.02411 0.0000076 --- --- --- -0.0000164 0.0957
 Red Snapper (.0600) (.000011) (.000016) (.003)
Florida price of 0.00016 -0.0000155 --- --- --- 0.0944
 Grouper (.0361) (.0000052) (.003)

 aGrouper price equations for states other than Florida were not estimated due to the small proportion
of total Grouper catch attributable to those states.
 Price for all species corresponds to nominal dockside price measured in dollars per pound.

 cCatch is measured in thousands of pounds.
 Income is defined as nominal per capital income in thousands of dollars.