Price formation of fish

Barten, Anton P.; Bettendorf, Léon

doi:10.1016/0014-2921(89)90075-5

Cited by 189 publications

(26 citation statements)

References 10 publications

(16 reference statements)

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“…This family of demand systems allows for several flexible specifications that give a more robust estimation than other demand system models (Laitinen and Theil 1979;Barten and Bettendorf 1989). The estimates of own and cross-quantity demand, price flexibility, and scale flexibility can be used to examine the impact of global quota management controls and other supply shifters.…”

Section: Methods: a General Synthetic Inverse Demand System Approachmentioning

confidence: 99%

Fewer Fish for Higher Profits? Price Response and Economic Incentives in Global Tuna Fisheries Management

Sun¹,

Chiang²,

Guillotreau³

et al. 2015

Environ Resource Econ

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This paper evaluates industry-wide economic incentives arising from changes in product prices in an industry exploiting a common renewable resource (tropical tunas) that is regulated via output limits. Changes in prices alter economic incentives by affecting revenues, profits, conservation, and nonmarket public benefits. Economic incentives in industries exploiting common resources have been examined from multiple angles. However, industry level variation in market prices arising from changes in public regulation has not been explored. We analyse the impact on economic incentives due to changes in output limits and market prices through estimation of ex-vessel price and scale flexibilities for imported skipjack and yellowfin in Thailand's cannery market. The unitary scale flexibility, estimated B Fu-Sung Chiang

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Section: Methods: a General Synthetic Inverse Demand System Approachmentioning

confidence: 99%

Fewer Fish for Higher Profits? Price Response and Economic Incentives in Global Tuna Fisheries Management

Sun¹,

Chiang²,

Guillotreau³

et al. 2015

Environ Resource Econ

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show abstract

“…There are many ways of deriving the inverted demand models; see for example Brown et al (1995) or Barten and Bettendorf (1989). I start with a standard consumer maximization problem.…”

Section: The Modelsmentioning

confidence: 99%

“…) from both sides of equation 7 gives the model proposed by Laitinen and Theil (1979) and which Barten and Bettendorf (1989) later denoted as the Differential Inverse…”

Section: The Modelsmentioning

confidence: 99%

“…This model has its analogue in ordinary demand estimation in the CBS model introduced by Keller and van Driel (1985). The model as proposed by Barten and Bettendorf (1989) in its differential form is:…”

Section: The Modelsmentioning

confidence: 99%

“…The earliest empirical papers in the field of inverse demand estimation studied flexibilities between broad categories of goods. One of the most cited papers is Barten and Bettendorf's (1989) empirical study of fish landed in Belgian ports. From a theoretical perspective, the general trend has been to move from estimating and improving upon single inverse demand models e.g., Moschini and Vissa (1992) and Holt and Goodwin (1997) to nesting existing inverse demand systems in more general models to see which one best fits the data e.g., Eales et al (1997) and Brown et al (1995).…”

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confidence: 99%

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Pricing on the Fish Market—Does Size Matter?

Sjöberg

2015

Marine Resource Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThe importance of fish size for price per kilo is studied using an inverse demand approach. Prices per kilo in different size categories of the same species differ significantly. This means that the average price for a species may change due to e.g., high-grading, growth overfishing or a changing climate which all have the potential to change the size composition of the catch. The estimates show that quantity flexibilities differ substantially across size and species while scale flexibilities in general are close to homothetic. The results imply that the effect of size on price is an important aspect to take into account when formulating regulation or policies to curb growth overfishing and high-grading. AbstractThe importance of fish size for price per kilo is studied using an inverse demand approach.Prices per kilo in different size categories of the same species differ significantly. This means that the average price for a species may change due to e.g., high-grading, growth overfishing or a changing climate which all have the potential to change the size composition of the catch.The estimates show that quantity flexibilities differ substantially across size and species while scale flexibilities in general are close to homothetic. The results imply that the effect of size on price is an important aspect to take into account when formulating regulation or policies to curb growth overfishing and high-grading.

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Seafood demand analysis

2016

Seafood and Aquaculture Marketing Handbook

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Price formation of fish

Cited by 189 publications

References 10 publications

Fewer Fish for Higher Profits? Price Response and Economic Incentives in Global Tuna Fisheries Management

Fewer Fish for Higher Profits? Price Response and Economic Incentives in Global Tuna Fisheries Management

Pricing on the Fish Market—Does Size Matter?

Seafood demand analysis

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