Origins Matter: (No) Market Integration Between Cultured and Wild Gilthead Sea Bream in the Spanish Seafood Market

Rodríguez, Gonzalo Rodríguez; Bande, Roberto; Villasante, Sebastián

doi:10.1080/13657305.2013.825932

Cited by 22 publications

(16 citation statements)

References 15 publications

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“…The lack of impact of the Chilean disease shock on price determination for salmon provides strong evidence of a highly integrated salmon market, where trade patterns shift to maintain the stable relative price. This is in contrast to some other markets for farmed fish, where fish size (Bjørndal and Guillen, 2017a;Regnier and Bayramoglu, 2017) or quality (Bjørndal and Guillen, 2017b;Norman-López and Asche, 2008;Pincinato and Asche, 2016;Rodríguez, Bande, and Villasante, 2013) segments the market. However, our results support and strengthen the general conclusion for most seafood markets-that for the same and similar species, there exist well-integrated markets (e.g., Ankamah-Yeboah, Stål, and Nielsen, 2017;Bronnmann, Ankamah-Yeboah, and Nielsen, 2016;Tveteras et al, 2012;Vinuya, 2007).…”

Section: Discussionmentioning

confidence: 75%

Market Shocks in Salmon Aquaculture: The Impact of the Chilean Disease Crisis

Asche

Cojocaru

Sikveland

2018

J. Agric. Appl. Econ.

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Abstract.Several studies indicate an integrated global market for salmon. However, there is increasing evidence of market segmentation for various seafood species. A disease crisis in Chile that reduced production by two-thirds provides a strong market shock that can shed light on how strongly integrated the salmon market is. Our results indicate that Chilean producers changed the product mix and export markets as a result of the disease shock. Yet, the relative prices remained constant, indicating a high degree of market integration. Moreover, Chilean prices are endogenous to the Norwegian price, indicating that prices are determined at the global market.

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Section: Discussionmentioning

confidence: 75%

Market Shocks in Salmon Aquaculture: The Impact of the Chilean Disease Crisis

Asche

Cojocaru

Sikveland

2018

J. Agric. Appl. Econ.

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“…Bjørndal and Guillen (2016b), in a more comprehensive analysis than previous studies (e.g. Brigante & Lem, 2001;Alfranca et al, 2004;Rodríguez et al, 2013;Regnier & Bayramoglu, 2014) investigate the market integration (substitutability) between wild and farmed gilthead seabream and European seabass in the Barcelona and Madrid wholesale markets, and in the French retail market. Indeed, when it comes to Southern Europe, existing knowledge on market integration in the area is more limited, and it is based solely on the few studies investigating gilthead seabream and European seabass, as well as a few dated studies on salmon (Gordon et al, 1993;Jaffry et al, 2000).…”

Section: Introductionmentioning

confidence: 99%

Market integration between wild and farmed species in Spain

Bjørndal

Guillén

2016

Aquaculture Economics & Management

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Market integration occurs when prices among different locations or related goods follow similar patterns over time. Current knowledge on market integration between aquaculture and wild-caught fish is based on a small number of species and markets. Most studies show the existence of market integration between wild and farmed conspecifics, with the clear exception of European seabass and gilthead seabream in Southern European countries. In this study, we investigate whether this lack of market integration between wild and farmed conspecifics for European seabass and gilthead seabream in Southern European countries is specific for these species or is representative for the area. Therefore, we investigate the existence of market integration in Spain between wild and farmed conspecifics for a large variety of different species: turbot (Scophthalmus maximus), sole (Solea spp.), blackspot (red) seabream (Pagellus bogaraveo), Atlantic cod (Gadus morhua), and meagre (Argyrosomus regius).

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“…Unlike Northern Europe fisheries, Mediterranean fisheries are characterized by a vast number of demersal species none of which, taken alone, can be considered a determinant for fishers and markets, since all constitute a moderate share of fishers’ budgets and commercial flows. For this very reason, while recent studies on seafood price formation and market integration often consider only a select number of economically relevant products—such as shrimp (Asche, Gjølberg et al., ; Vinuya, ), salmon (Asche et al., ), and tuna (Jaffry and Brown, ; Jiménez‐Toribio et al., )—as well as the links between cultured and fished species (Norman‐López and Asche, ; Rodríguez et al., ), this study focuses on main and minor sea species alike.…”

Section: Introductionmentioning

confidence: 99%

Fish market integration and demand analysis: a Mediterranean case study

Mulazzani

Manrique

Trevisan³

et al. 2014

Agricultural Economics

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This study discusses the importance of delineating market boundaries prior to undertaking demand analysis. The Northern Adriatic Sea is considered a good case study by which to test this approach, given the richness of species landed there and their heterogeneous distribution across the space involved. Three groups of demersal species (whitefish, cephalopods, and crustaceans) are chosen for the study. First, geographical market boundaries are defined for each product (species) using price-price relations between market places. Second, demand is analyzed inside the defined market area through the linear approximation of the inverse almost ideal demand system. Geographical market integration bears several patterns of complete or partial integration, depending on the species. It could be said that integration is higher for species of high economic relevance among regions where large quantities are landed. For all product groups, our estimations suggest that moderate substitution effects do exist among species. The characteristics of the fleets and of the buyers, as well as the biophysical attributes of the sea basin (i.e., species richness and heterogeneous spatial distribution) are discussed as explanatory variables of market integration/segmentation. JEL classifications: C32, Q21, Q22

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Origins Matter: (No) Market Integration Between Cultured and Wild Gilthead Sea Bream in the Spanish Seafood Market

Cited by 22 publications

References 15 publications

Market Shocks in Salmon Aquaculture: The Impact of the Chilean Disease Crisis

Market Shocks in Salmon Aquaculture: The Impact of the Chilean Disease Crisis

Market integration between wild and farmed species in Spain

Fish market integration and demand analysis: a Mediterranean case study

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