Price formation and geographic market integration: An empirical investigation of Adriatic small pelagic species

Fisheries Research

Volumn 119-120, Issue , 2012, Pages 99-107

  Mulazzani, Luca ^a   Camanzi, Luca ^a   Malorgio, Giulio ^a  

^a UNIVERSITY OF BOLOGNA   (Italy)

Author keywords

Adriatic Sea; Market integration; Price flexibility; Small pelagic species

Indexed keywords

CLUPEIDAE; ENGRAULIDAE; ENGRAULIS ENCRASICOLUS; SARDINA PILCHARDUS;

EID: 84856064908     PISSN: 01657836     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.fishres.2011.12.013     Document Type: Article

References (41)

1. Armington P. A theory of demand for products distinguished by place of production. Int. Monet. Fund Staff Pap. 1969, 16:159-178.
2. Asche F., Hannesson R. Allocation of fish between markets and product forms. Mar. Resour. Econ. 2002, 17:225-238.
3. Asche, F., Bjørndal, T., Gordon, D.V., 2005. Demand structure for fish. SNF Working Paper No. 35/05. Institute for Research in Economics and Business Administration, Bergen.
4. Asche F., Gordon D.V., Hannesson R. Tests for market integration and the Law of One Price: the market for whitefish in France. Mar. Resour. Econ. 2004, 19:195-210. Available from:. http://brage.bibsys.no/nhh/bitstream/URN%3ANBN%3Ano-bibsys_brage_21908/1/A37_05.pdf.
5. Barten A.P. The systems of consumer demand functions approach: a review. Econometrica 1977, 45:23-51.
6. Barten A.P., Bettendorf L.J. Price formation of fish - an application of an Inverse Demand System. Eur. Econ. Rev. 1989, 33:1509-1525.
7. Bose S. An empirical investigation of price-quantity relations of the quota species of Australia's South East fishery. Mar. Resour. Econ. 2004, 19:161-172.
8. Byron R.P. The restricted Aitken estimation of sets of demand relations. Econometrica 1970, 38:816-830.
9. Chavez F.P., Ryan J., Lluch-Cota S.E., ñiquen C.M. From anchovies to sardines and back: multidecadal change in the Pacific Ocean. Science 2003, 299:217-221.
10. Clark C.W. Mathematical Bioeconomics 1990, Wiley Interscience Publication, New York.
11. Copes P. The backward-bending supply curve of the fishing industry. Scot. J. Polit. Econ. 1970, 17:69-77.
12. Council of the European Union, 2000. Council Regulation (EC) No. 104/2000 of 17 December 1999 on the common organization of the markets in fishery and aquaculture products.
13. Council of the European Union, 2002. Council Regulation (EC) No. 2371/2002 of 20 December 2002 on the conservation and sustainable exploitation of fisheries resources under the common fisheries policy.
14. Council of the European Union, 2006. Council Regulation (EC) No. 1198/2006 of 27 July 2006 on the European fisheries fund.
15. Council of the European Union, 2006. Council Regulation (EC) No. 1967/2006 of 21 December 2006 concerning management measures for the sustainable exploitation of fishery resources in the Mediterranean Sea.
16. Croatian Bureau of Statistics - Republic of Croatia, 2009. Statistical Yearbook. (accessed 01.09.10). http://www.dzs.hr/default_e.htm.
17. Deaton A.S., Muellbauer J. Economics and Consumer Behaviour 1980, Cambridge University Press, New York.
18. Eurostat. Comext Database. Available from: http://epp.eurostat.ec.europa.eu/portal/page/portal/external_trade/data/database.
19. FAO, 2011. Fishery Statistical Collections, GFCM (Mediterranean and Black Sea) Capture Production Dataset. Available from: http://www.fao.org/fishery/statistics/gfcm-capture-production/en.
20. Gordon D.V., Salvanes K.G., Atkins F. A fish is a fish is a fish: testing for market linkage on the Paris fish market. Mar. Resour. Econ. 1993, 8:331-343.
21. IREPA. Italian Fishery Statistics, IREPA Database. Available from: http://www.irepa.org/irepa/sistan/sisdati.html.
22. Jaffry, S., Taylor, G., Pascoe, S., 2005. An Inverse Demand System for fish species in Spain. Working Paper No. 2. CEMARE University of Portsmouth, Portsmouth. Available from:. http://www.port.ac.uk/research/cemare/publications/pdffiles/workingpapers/file,38452,en.pdf.
23. Johansen S. Likelihood-based Inference in Cointegrated Vector AutoRegressive Models 1996, Oxford University Press, Oxford.
24. Jiménez Toribio R., García del Hoyo J.J. Evidence of market price leadership in the Spanish red seabream value chain - implications for fisheries management. Fish. Res. 2006, 81:51-59.
25. Mackelworth P., Holcer D., Jovanović J., Fortuna C. Marine conservation and accession: the future for the Croatian Adriatic. Environmental Management 2011, 47(4):644-655.
26. Marshall A. Principles of Economics 1961, Variorum Editions.
27. McNew K. Spatial market integration: definition, theory and evidence. Agric. Resour. Econ. Rev. 1996, 25:1-11.
28. Mulazzani, L., 2011. Modellizzazione bioeconomica per la gestione dei piccoli pelagici nel Mar Adriatico. PhD dissertation. Dipartimento di economia e ingegneria agrarie, Università di Bologna, Bologna.
29. Mulazzani L., Camanzi L. Price-quantity relations and choice of the geographical market size in Italian fresh seafood products. New Medit. 2011, X(1):35-42.
30. Murphy G.I. Vital statistics of Pacific Sardine (Sardinops caerulea) and the population consequences. Ecology 1967, 48:731-736.
31. Nielsen, M., 2000. Calculations of Danish prices of unprocessed seafood. SJFI Working Paper No. 9. Danish Research Institute of Food Economics, Frederiksberg. Available from: http://www.foi.life.ku.dk/English/Publications/~/media/migration%20folder/upload/foi/docs/publikationer/working%20papers/2000/9.pdf.ashx.
32. Nielsen M. Price formation and market integration on the European first-hand market for whitefish. Mar. Resour. Econ. 2005, 20:185-202.
33. Nielsen M., Jensen F., Setälä J., Virtanen J. Causality in demand: a cointegrated demand system for trout in Germany. Appl. Econ. 2009, First published on: 09 July 2009 (iFirst).
34. Santojanni A., Arneri E., Belardinelli A., Cingolani N., Giannetti G. Small pelagic fish in the Adriatic: stocks fluctuations and environmental factors. Arch. Oceanogr. Limnol. 2001, 22:133-138.
35. Santojanni A., Arneri E., Bernardini V., Cingolani N., Di Marco M., Russo A. Effects of environmental variables on recruitment of anchovy in the Adriatic Sea. Clim. Res. 2006, 31:181-193.
36. Sato K. Additive utility functions with double-log consumer demand functions. J. Polit. Econ. 1972, 80(1):102-124.
37. Setälä J., Laitinen J., Virtanen J., Saarni K., Nielsen M., Honkanen A. Spatial integration of freshwater fish markets in the Northern Baltic Sea area. Fish. Res. 2008, 92:196-206.
38. Stigler G.J., Sherwin R.A. The extent of a market. J. Law Econ. 1985, 28:555-585.
39. Tomek W.G., Robinson K.L. Agricultural Product Prices 1972, Cornell University Press, New York.
40. Verbeek M. Econometria 2006, Zanichelli editore, Bologna.
41. Welsch H. Armington elasticities and induced intra-industry specialization: the case of France, 1970-1997. Econ. Model. 2006, 23:556-567.