Are Prices or Biology Driving the Short-Term Supply of Farmed Salmon?

Asheim, Leif Jarle; Dahl, Roy Endré; Kumbhakar, Subal C.; Øglend, Atle; Tveterås, Ragnar

doi:10.5950/0738-1360-26.4.343

Cited by 30 publications

(20 citation statements)

References 41 publications

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“…The results focus on the impacts of supply and demand shifts on prices. The results are presented in Table 3: Norwegian salmon farming has been extensively studied (Asche et al 2007Asheim et al 2011;Vassdal and Holst 2011;Asche and Roll 2013), a lack of data has hindered studies of other regions (Asche and Bjørndal 2011). The differences in variance of supply shifts between Norway and other regions suggest results from studies of productivity and supply growth based on Norwegian data may not be representative of other salmon-producing countries.…”

Section: Resultsmentioning

confidence: 99%

“…and Vassdal and Holst (2011) find productivity growth has slowed down since the early 2000s, suggesting the salmon farming industry has developed into a mature industry with lower growth rates. Still, in the long run technical progress does lead to supply growth (Asheim et al 2011). If productivity is indeed slowing down, any significant supply expansion in the future is contingent upon a relaxation of government regulations.…”

Section: Fig 1 Fao Food Price Indices 1990-2013mentioning

confidence: 99%

“…Existing literature report values for the elasticity of supply in the range of one year or shorter between 0.05 and 0.15 (Andersen et al 2008;Asheim et al 2011). There is no indication in the literature that the elasticity of supply of salmon varies with location.…”

Section: Parameterizationmentioning

confidence: 99%

“…3 Demand elasticities vary between -0.2 and -1.7, with mean and median around -0.75 (Fousekis and Revell 2004;Davis et al 2007;Hong and Duc 2009;Sakai et al 2009;Xie et al 2009;Tiffin and Arnoult 2010;Asheim et al 2011;Muhammad and Jones 2011;Xie and Myrland 2011;Chidmi et al 2012;Singh et al 2012;Jones et al 2013). The values vary by product form, period length, income level and market location.…”

Section: Price Impactsmentioning

confidence: 99%

See 3 more Smart Citations

Disentangling supply and demand shifts: the impacts on world salmon price

Brækkan

2014

Applied Economics

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To understand price changes one must determine the relative impact of supply and demand shifts on price. Conditional on pre-determined supply and demand elasticities, we retrieve yearly shifts in regional supply and demand. The relative impact on price from each supply and demand shift is determined through an Equilibrium Displacement Model (EDM). This procedure is applied on a yearly basis for the world salmon market in the period from 2002 to 2011. The results indicate a large variation in demand and supply growth both over time and between regions. While average annual price impacts from supply or demand shifts from most regions were not statistically significant, price impacts from supply or demand shifts for specific periods are detected in all but one region. This indicates the use of smooth trend indicators is likely to be inappropriate for measuring supply and demand shifts and their impacts on price.The procedure presented in this paper can be a useful instrument for determining the relative impacts of supply and demand shifts on price in any market with unstable price behaviour.

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Section: Resultsmentioning

confidence: 99%

Section: Fig 1 Fao Food Price Indices 1990-2013mentioning

confidence: 99%

Section: Parameterizationmentioning

confidence: 99%

Section: Price Impactsmentioning

confidence: 99%

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Disentangling supply and demand shifts: the impacts on world salmon price

Brækkan

2014

Applied Economics

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“…A number of studies have provided insights with respect to the sources for this productivity growth; recent examples include Tveterås and Batteese (2006), Andersen, Roll and Tveterås (2008), Tveterås (2009), Nilsen (2010), Aasheim et al (2011), Vassdal and Holst (2011), Roll (2013, and Asche, Guttormsen and Nielsen (2013). This development is due to productivity growth at the farms themselves, but innovations throughout the supply chain is of equal importance as it is total cost of bringing the product to the consumer that determines the competitiveness of a product.…”

Section: Background and Purposementioning

confidence: 99%

Nordic fisheries and aquaculture

Nielsen¹,

Hoff²,

Nielsen³

et al. 2017

TemaNord

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Innovations through the Supply Chain and Increased Production: The Case of Aquaculture

Asche

Roll

Tveterås

2012

Advances in Production Management Systems. Value Networks: Innovation, Technologies, and Management

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During the last decades, aquaculture has been the world's fastest growing food production technology. This is primarily due to the fact that control with the production process has allowed innovations thorough the supply chain, leading to increased demand and thereby increased production. We investigate this process for three leading species; salmon, sea bass and shrimp. The process has been very different for the three species. Sea bass show that despite impressive performance on the cost side, production growth in an industry that is not able to create demand growth will be limited. Shrimp show that as soon as innovation and productivity growth upstream is hindered, production growth will also be limited. Salmon has achieved a better balance between upstream and downstream innovations, and has had a smoother increase in production.

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Are Prices or Biology Driving the Short-Term Supply of Farmed Salmon?

Cited by 30 publications

References 41 publications

Disentangling supply and demand shifts: the impacts on world salmon price

Disentangling supply and demand shifts: the impacts on world salmon price

Nordic fisheries and aquaculture

Innovations through the Supply Chain and Increased Production: The Case of Aquaculture

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