rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Price-Quantity Dynamics, Prequential Analysis, and Yield Insurance Premium Estimation of Dungeness Crab
  name:
    name part: Liu, Chia-Lan
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: Leatham, David J.
    role:
      role term: thesis advisor.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: txu
    date issued: 2015
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource.
  abstract: This dissertation analyzes the Dungeness crab prices and quantities, which is conducted within three essays. The first essay studies the relationships among the West Coast Dungeness crab landing prices and quantities using cointegration analysis and directed acyclic graphs. The forecast tests are added to determine the number of cointegrating rank. Directed acyclic graphs are estimated using different algorithms for comparison and are used to discover the causality of the crab markets. The four states' crab prices are strongly connected contemporaneously. The price-quantity relationships exist among the California, Oregon and Washington markets because of their tri-state Dungeness crab project. The Alaska quantity does not affect and is not affected by the other prices and quantities possibly due to stock collapse in some areas of Alaska. The second essay uses the three models to explore the prequential relationships among the West Coast states' Dungeness crab fisheries. A random walk and the 1-lag VAR outperform the 2-lag VAR. Most series in the random walk and the l-lag VAR are well-calibrated. For the Dungeness crab quantities, the random walk does slightly better than the 1-lag VAR; the 1-lag VAR dominates the random walk for the crab prices. The results are consistent with the literature on the Dungeness crab movement patterns. Information about the crab fishery management decision making are provided in this essay. The third essay estimates the Dungeness crab yield insurance premiums and the probabilities of the indemnities being paid to the crab fishermen in each western coastal state using cointegration analysis, goodness-of-fit tests, and Monte Carlo simulation. The lognormal distribution provides the best-fit for the Alaska crab yield and the logistic for the Oregon, Washington, and California yields, respectively. The log-logistic is found to be the best-fit for each state's prices. At 50%, 60%, 70%, and 80% yield coverage levels, Alaska has the highest i…
  note: by Chia-Lan Liu.
  note: "Major Subject: Agricultural Economics"
  note: Includes vita.
  note: Doctor of Philosophy Texas A & M University 2015 http://hdl.handle.net/1969.1/155001
  note: Includes bibliographical references.
  note: Text (Dissertation)
  subject:
    topic: Major Agricultural Economics
  subject:
    topic: Dungeness Crab
  subject:
    topic: Cointegration Analysis
  subject:
    topic: Directed Acyclic Graphs
  subject:
    topic: Prequential Analysis
  subject:
    topic: Insurance Premiums
  identifier: http://hdl.handle.net/1969.1/155001
  record info:
    record content source: TXA
    record creation date: 160219
    record change date: 20170928111838.0
    record identifier: in00003525328
    language of cataloging:
      language term: eng