Munich Personal RePEc Archive

Econometric Ways to Estimate the Age and Price of Abalone

Hossain, Md. Mobarak and Chowdhury, Md Niaz Murshed (2019): Econometric Ways to Estimate the Age and Price of Abalone.

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Abstract

Abalone is a rich nutritious food resource in the many parts of the world. The economic value of abalone is positively correlated with its age. However, determining the age of abalone is a cumbersome as well as expensive process which increases the cost and limits its popularity. This article proposes very simple ways to determine the age of abalones using econometric methods to reduce the costs of producers as well as consumers.

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