Agents’ ability to manage information in centralized markets: Comparing two wholesale fish markets

Giulioni, Gianfranco; Bucciarelli, Edgardo

doi:10.1016/j.jebo.2011.01.012

Cited by 14 publications

(14 citation statements)

References 15 publications

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“…Fish prices may also be influenced by factors such as transaction quantity (Transaction-Quantity) (Kirman and Vriend, 2001;Guillioni and Bucciarelli, 2011;Fluvià et al, 2012;Gobillon, Wolff and Guillotreau, 2017;Sogn-Grundvåg, Zhang and Iversen, 2019). Table 1 shows a list of control variables.…”

Section: Model and Econometric Analysismentioning

confidence: 99%

Auction versus direct sale: the effect of buyers and sellers on prices

Sogn‐Grundvåg

Zhang

2022

European Review of Agricultural Economics

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This study examines the question of selling agricultural commodities by auction or directly. Hedonic price analysis using transaction data from the sale of frozen cod in Norway shows that buyer–seller matches explain 32.4 and 13.6 per cent of the price variation in direct sales and auctions, respectively, indicating that direct sales are more informationally efficient than auctions. Meanwhile, auctions gain a price premium of 2.6 per cent over direct sales, holding other variables constant. However, a substantial increase in the use of direct sales indicates that their information efficiency is more important to sellers than the small price premium provided by auctions.

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Section: Model and Econometric Analysismentioning

confidence: 99%

Auction versus direct sale: the effect of buyers and sellers on prices

Sogn‐Grundvåg

Zhang

2022

European Review of Agricultural Economics

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“…However this is offset by buyers not knowing when, and if, fish from the vessels that they favor will appear. Some empirical studies on auction-based fish markets (Giulioni and Bucciarelli, 2011;Gallegati and Gianfranco Giulioni, 2011) have statistically confirmed the presence of loyalty. However, this aspect does not seem to be important in explaining the declining price phenomenon, since there is no obvious reason for the random sorting of the vessels to induce a decline in price as auction rounds go by.…”

Section: Discussionmentioning

confidence: 97%

Learning to bid in sequential Dutch auctions

Guerci

Kirman

Moulet

2014

Journal of Economic Dynamics and Control

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“…Whereas much attention in recent years has gone to global chains (Gereffi and Fernandez-Stark 2016 ), our study is largely concerned with domestic chains that extend over local, regional and national scale. Wholesale markets constitute specific, relatively understudied nodes in the operations of such chains (Ahmadi-Esfahani and Locke 1998 ; Giulioni and Bucciarelli 2011 ; Aljohani and Thompson 2018 ). In the Indian context, while much of the attention in literature has gone to the aggregate production and household consumption of food (Kumar and Dey 2007 ; Kaicker et al 2011 ; Gupta 2012 ), literature is scant on the intermediate institutions in food systems and even rarer on fish commodity chains.…”

Section: Theoretical Positioningmentioning

confidence: 99%

How Seafood Wholesale Markets Matter for Urban Food Security: Evidence from Chennai, India

et al. 2022

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Urban sites gather poverty in particular locations and often require bulk food system approaches for addressing prevalent food security and nutrition needs. The food systems that service them are, however, characterized by perishability and large irregularities in supply. Seafood is currently recognized as contributing in a major way to food security and nutrition, and it is to assessing the role of wholesale markets in meeting the needs of the urban poor that this paper is directed. It zooms in on the city of Chennai, India, where an estimated 40% of the population is considered poor and marine fish plays a crucial role in diets. Building on one-and-a-half years of field research in the pre-COVID-19 period, the paper analyses the performance of one of the city’s largest fish wholesale markets, Vanagaram, in relation to the four commonly recognized pillars of food security. Results demonstrate how urban food systems function as major suppliers of fish (and other food items) to thousands of low- and middle-income households. Most importantly, this case study demonstrates the crucial role that is played by wholesale markets in merging low-price fish supplies from different geographic regions and thereby ensuring food security of poorer inhabitants.

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Agents’ ability to manage information in centralized markets: Comparing two wholesale fish markets

Cited by 14 publications

References 15 publications

Auction versus direct sale: the effect of buyers and sellers on prices

Auction versus direct sale: the effect of buyers and sellers on prices

Learning to bid in sequential Dutch auctions

How Seafood Wholesale Markets Matter for Urban Food Security: Evidence from Chennai, India

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