Viewing the household as both a producing and consuming unit suggests the opportunity cost of the homemaker's time to be an important factor affecting food consumption. Opportunity cost of time is shown empirically to have a positive affect on away‐from‐home consumption for employed homemakers in all 12 region‐urbanization classes studied. The same response is shown for unemployed homemakers in most classes. Furthermore, the estimated bias associated with income elasticities estimated without adjustment for the time input was significant in most cases. Estimated effects of income, family composition and size, and race on away‐from‐home food consumption are analyzed.

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Spiny lobster (Panulirus argus) is produced in the warmer ocean waters and is distinguished from the northern American lobster (Homarus americanus) by its lack of claws and relatively smaller size. Florida lobstermen currently account for 98 percent of the U.S. spiny lobster landings. This industry has grown from annual landings of less than a million pounds prior to the 1950s to 11 million pounds in 1974, with a value of over $13 million [5, 6]. Although no formal demand analysis has been completed, it appears that U.S. demand for this luxury seafood has increased considerably faster than domestic production. In current dollars, prices at dockside increased 251 percent from 39 cents per pound in 1960 to over $1.36 per pound at dockside in 1975 (an increase of 73 percent in constant dollars). Increased demand in the U.S. is further suggested by the fact that U.S. consumption of total world production increased from 53 to slightly over 80 percent in this same period.

A growing deficit in shrimp landings relative to processing needs in the Southeast Region of the United States concerns both industry and government officials. Structural changes in the shrimp industry are encouraged by the growing supply deficit. The shrimp supply situation and resulting industry organization changes are the primary concerns of this paper.