Contracts in the Salmon Aquaculture Industry: An Analysis of Norwegian Salmon Exports

Larsen, Thomas A.; Asche, Frank

doi:10.5950/0738-1360-26.2.141

Cited by 67 publications

(26 citation statements)

References 21 publications

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“…In particular, these results fit very well with a contract share of between 20% and one third for Norwegian salmon exports to France as estimated by Larsen and Asche (2011) if a large part of the contract sales is associated with the supply chain for smoked salmon. However, other mechanisms for handling price volatility have also been introduced in recent years such as forward and futures trading (Solibakke, 2012).…”

Section: Resultssupporting

confidence: 76%

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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Section: Resultssupporting

confidence: 76%

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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“…Pricing of supermarkets in general limit price variation due to menu costs, and increasingly such features are present also for seafood (Kvaløy and Tveteras, 2008;Larsen and Asche, 2011).…”

Section: Model Specificationmentioning

confidence: 99%

Pricing of eco-labels with retailer heterogeneity

et al. 2015

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Eco-labels are important features of many natural resource and food markets. They certify that a product has some desirable unobserved quality, typically related to a public good such as being sustainably produced. Two issues that have received limited attention are whether pricing varies across different eco-labels that may compete with each other and to what extent different retailers charge different prices. Using a unique data set of salmon prices in eight different United Kingdom retail chains, we investigate these issues by estimating a price-attribute model that includes two eco-labels and one country-of-origin label. Results show substantial variation in the prices of the different eco-labels and that eco-label premiums vary across retail chains. Specifically, salmon certified with the Marine Stewardship Council (MSC) label has a high premium in low-end retail chains but no statistically significant premium in the high-end chains. These findings question the ability of the MSC label to transmit consumer willingness-to-pay for public goods through the supply chain to incentivize sustainable management. In contrast, premiums for organic certification are similar in magnitude across retailer types. In general, failure to account for retailer heterogeneity will over-or under-estimate a label's premium. 2 Pricing of Eco-labels with Retailer HeterogeneityAbstract Eco-labels are important features of many natural resource and food markets. They certify that a product has some desirable unobserved quality, typically related to a public good such as being sustainably produced. Two issues that have received limited attention are whether pricing varies across different eco-labels that may compete with each other and to what extent different retailers charge different prices. Using a unique data set of salmon prices in eight different United Kingdom retail chains, we investigate these issues by estimating a price-attribute model that includes two eco-labels and one country-of-origin label. Results show substantial variation in the prices of the different eco-labels and that eco-label premiums vary across retail chains. Specifically, salmon certified with the Marine Stewardship Council (MSC) label has a high premium in low-end retail chains but no statistically significant premium in the high-end chains. These findings question the ability of the MSC label to transmit consumer willingness-to-pay for public goods through the supply chain to incentivize sustainable management. In contrast, premiums for organic certification are similar in magnitude across retailer types. In general, failure to account for retailer heterogeneity will over-or under-estimate a label's premium.

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“…With salmon becoming a staple item at retail stores across Europe a steady supply of fish is demanded. As such bilateral agreements have become more prevalent in recent years (Kvaløy & Tveteras, 2008;Larsen & Asche, 2011). Increasing use of bilateral agreements over spot trading is relevant as it affects short-run supply elasticity.…”

Section: Hedging Instrumentsmentioning

confidence: 99%

Recent Trends in Salmon Price Volatility

Øglend

2013

Aquaculture Economics & Management

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Contracts in the Salmon Aquaculture Industry: An Analysis of Norwegian Salmon Exports

Cited by 67 publications

References 21 publications

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

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

Pricing of eco-labels with retailer heterogeneity

Recent Trends in Salmon Price Volatility

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