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Product differentiation and dynamic price behavior in fish markets

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  • Oscar Alfranca
  • Joan Oca
  • Lourdes Reig

Abstract

The objective of this paper is to estimate the dynamics of aquaculture and fish prices as a response to price shocks. The vector autoregression approach will be used to explain the dynamics of the sea bream market in both cultured and wild fishing. The main result is that changes in public regulation or in production conditions could stimulate production responses which may take time to settle. Usually, the change is a matter of adjusting between equilibria over a period of time, with the pattern and speed of the adjustment, depending on the nature and degree of disequilibrium in the fishing system. Copyright International Atlantic Economic Society 2004

Suggested Citation

  • Oscar Alfranca & Joan Oca & Lourdes Reig, 2004. "Product differentiation and dynamic price behavior in fish markets," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 10(2), pages 150-158, May.
  • Handle: RePEc:kap:iaecre:v:10:y:2004:i:2:p:150-158:10.1007/bf02295677
    DOI: 10.1007/BF02295677
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    References listed on IDEAS

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    1. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    2. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    3. Bene, Christophe & Cadren, Muriel & Lantz, Frederic, 2000. "Impact of cultured shrimp industry on wild shrimp fisheries: analysis of price determination mechanisms and market dynamics," Agricultural Economics, Blackwell, vol. 23(1), pages 55-68, June.
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