Consistent Aggregation in Fish Demand: A Study of French Salmon Demand

Xie, Jinghua; Myrland, Øystein

doi:10.5950/0738-1360-26.4.267

Cited by 43 publications

(13 citation statements)

References 13 publications

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“…Studies using datasets from the 1990s and earlier have typically found that the demand for salmon is elastic (Asche, Bjørndal, and Salvanes 1998;Asche, Bremnes, and Wessells 1999;Asche, Salvanes, and Steen 1997;DeVoretz and Salvanes 1993), whereas a review of the recent literature, using data from the late 1990s to 2010, has reported elasticity values both in the elastic and inelastic ranges; between −0.2 and −1.7 ( For markets in which previous studies have reported elasticities of demand for salmon, we set the elasticity parameter to the mean of the reported values. This process yields the following elasticity values: for the United States, −0.7 (Jones, Wozniak, and Walters 2013;Davis, Lin, and Yen 2007); for the EU mainland, −1.1 (Xie and Myrland 2011); and for Japan, -1.5 (Sakai et al 2009). Markets such as Brazil, Russia, and the ROW have a lower average income than the European Union and Japan, for instance, and it might be expected that the income difference would be reflected in more elastic salmon demand.…”

Section: Data and Elasticity Parametersmentioning

confidence: 99%

The Bumpy Road of Demand Growth—An Application to Atlantic Salmon

Brækkan

Thyholdt

2014

Marine Resource Economics

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Section: Data and Elasticity Parametersmentioning

confidence: 99%

The Bumpy Road of Demand Growth—An Application to Atlantic Salmon

Brækkan

Thyholdt

2014

Marine Resource Economics

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“…Early studies focused on the different salmon species and aggregate product forms and were conducted mostly at the trade level (Herrmann et al, 1993;Wessells & Wilen, 1994;Asche, 1996). In recent years, the focus has narrowed to farmed salmon (Xie et al, 2009;Xie & Myrland, 2011) as well as models (Kinnucan & Myrland, 2002, 2007. This also tends to be the case for market integration studies, although Asche and Guttormsen (2001) have also examined different fish sizes.…”

Section: Introductionmentioning

confidence: 99%

Price Transmission in New Supply Chains—the Case of Salmon in France

Asche

Dahl

Valderrama

et al. 2014

Aquaculture Economics & Management

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& In recent years there has been increased interest in the transaction forms in salmon markets, given that contracts have become more common, vertical mergers create firms that cover several levels in the supply chain, and futures markets have developed as a price risk tool. These are strong indications that salmon supply chains are developing in the same direction as supply chains for more processed food products. In this article we investigate to what extent this development has influenced the price transmission process for two product forms: a relatively unprocessed one (fresh fillets) and a more processed one (smoked salmon). Results indicate that the supply chain for fresh fillets can still be characterized by a high degree of price transmission. On the contrary, the hypothesis of full price transmission for smoked salmon is rejected.

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“…Kinnucan et al, 1997). This approach is commonly applied in empirical work on salmon demand (Bjørndal et al 1992;Asche 1996;Xie et al 2009;Xie and Myrland 2011). In this article, I adopt a parsimonious approach to measuring demand shifts; yearly changes in price and quantities are decomposed between regional supply and demand shifts, and the relative impact from each supply and demand shift on price is determined.…”

Section: Fig 1 Fao Food Price Indices 1990-2013mentioning

confidence: 99%

“…3 Demand elasticities vary between -0.2 and -1.7, with mean and median around -0.75 (Fousekis and Revell 2004;Davis et al 2007;Hong and Duc 2009;Sakai et al 2009;Xie et al 2009;Tiffin and Arnoult 2010;Asheim et al 2011;Muhammad and Jones 2011;Xie and Myrland 2011;Chidmi et al 2012;Singh et al 2012;Jones et al 2013). The values vary by product form, period length, income level and market location.…”

Section: Price Impactsmentioning

confidence: 99%

Disentangling supply and demand shifts: the impacts on world salmon price

Brækkan

2014

Applied Economics

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To understand price changes one must determine the relative impact of supply and demand shifts on price. Conditional on pre-determined supply and demand elasticities, we retrieve yearly shifts in regional supply and demand. The relative impact on price from each supply and demand shift is determined through an Equilibrium Displacement Model (EDM). This procedure is applied on a yearly basis for the world salmon market in the period from 2002 to 2011. The results indicate a large variation in demand and supply growth both over time and between regions. While average annual price impacts from supply or demand shifts from most regions were not statistically significant, price impacts from supply or demand shifts for specific periods are detected in all but one region. This indicates the use of smooth trend indicators is likely to be inappropriate for measuring supply and demand shifts and their impacts on price.The procedure presented in this paper can be a useful instrument for determining the relative impacts of supply and demand shifts on price in any market with unstable price behaviour.

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Consistent Aggregation in Fish Demand: A Study of French Salmon Demand

Cited by 43 publications

References 13 publications

The Bumpy Road of Demand Growth—An Application to Atlantic Salmon

The Bumpy Road of Demand Growth—An Application to Atlantic Salmon

Price Transmission in New Supply Chains—the Case of Salmon in France

Disentangling supply and demand shifts: the impacts on world salmon price

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