The Relative Impact of the Norway‐EU Salmon Agreement: a Mid‐term Assessment

Kinnucan, Henry W.; Myrland, Øystein

doi:10.1111/j.1477-9552.2002.tb00017.x

Cited by 48 publications

(23 citation statements)

References 28 publications

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“…5 For a cogent general discussion of import competition, seeGrossman (1982).6 Analytical results to support this statement are provided inKinnucan and Myrland (2002). That analysis indicates that the feed quota reduced Norway's domestic supply elasticity from 1.54 to 0.39.…”

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confidence: 54%

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Effects of income growth and tariffs on the world salmon market

Kinnucan

Myrland

2005

Applied Economics

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The effects of income growth and tariffs on salmon prices, production, and trade flows are analysed using total elasticities derived from an equilibrium displacement model of the world salmon market. Results suggest the total income elasticity in world trade for salmon is about one, which means imports worldwide will grow at about the same pace as world income. However, owing in part to policies that restrict supply response, not all exporters will share evenly in this growth, with UK producers benefiting the most and Norwegian producers the least. Within importing countries, imports are more responsive to income growth than is domestic production, which means protectionist pressures are apt to increase with affluence. US tariffs on imports from Norway and Chile are counterproductive in that they reduce world imports with little effect on the US price. Norway's feed quota reduces the efficacy of US tariffs, makes imports less responsive to income, and increases price volatility. Hence, quota elimination may yield producer benefits in excess of producer losses associated with a lower world price.

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confidence: 54%

“…To account for the feed quota, Norway's excess supply elasticity was computed with set to 0.39, Kinnucan and Myrland's (2002) estimate. To distinguish between short-and long-run responses, values for " 0 i and 0 j were re-computed using Equation set 23 with set to zero.…”

Section: Parameterizationmentioning

confidence: 99%

Effects of income growth and tariffs on the world salmon market

Kinnucan

Myrland

2005

Applied 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: 96%

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 and Myrland (2002) provide evidence that these efforts are successful in producing premiums. Thus, isolating a premium for ecolabeled seafood must at least control for the potentially confounding effect of country-oforigin labeling.…”

Section: Introductionmentioning

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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The Relative Impact of the Norway‐EU Salmon Agreement: a Mid‐term Assessment

Cited by 48 publications

References 28 publications

Effects of income growth and tariffs on the world salmon market

Effects of income growth and tariffs on the world salmon market

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

Pricing of eco-labels with retailer heterogeneity

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