Hilmer, Christiana E.; Holt, Matthew T.; Bishop, Richard C. - In: American Journal of Agricultural Economics 93 (2010) 1, pp. 98-112
We extend Holt and Bishop's (2002) normalized quadratic inverse demand function by obtaining measures of precision of elasticities and consumer welfare loss estimates due to reductions in commercial landings in the U.S. Great Lakes. Even with curvature constraints imposed, confidence intervals...