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Determinants of Bristol Bay Sockeye Demand and Ex-Vessel Price Implications Based on Key Market-Clearing Factors

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  • Seeger, Riley Martin

Abstract

Fishermen, as price-taking producers in a perfectly competitive fishing market, are at the mercy of many and biological market factors that effectively determine the price they receive for their catch. In the world’s largest Sockeye salmon fishery of Bristol Bay, Alaska, ex-vessel price (the price fishermen receive) has a high degree of volatility subject to market and biological conditions of the fishery. This research article highlights the significance of many different factors that affect the final ex-vessel price that fishermen in Bristol Bay, Alaska receive for their catch in order to allow for more efficient fishing production decisions. Time-series data collected predominately from the Alaska Department of Fish and Game, among other sources, is statistically analyzed using Ordinary Least Squares regression. The results obtained from the analysis suggest that salmon export markets, inputs to production, and substitute goods influence the ex-vessel price of Bristol Bay sockeye salmon.

Suggested Citation

  • Seeger, Riley Martin, 2015. "Determinants of Bristol Bay Sockeye Demand and Ex-Vessel Price Implications Based on Key Market-Clearing Factors," SS-AAEA Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 2015, pages 1-25.
    • Handle: RePEc:ags:ssaaea:232750
    DOI: 10.22004/ag.econ.232750
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    References listed on IDEAS

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    1. Sunny L. Jardine & C.-Y. Cynthia Lin & James N. Sanchirico, 2014. "Measuring Benefits from a Marketing Cooperative in the Copper River Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 96(4), pages 1084-1101.
    2. Biing-Hwan Lin & Mark Herrmann & Tsae-Yun Lin & Ron C. Mittelhammer, 1989. "Forecasting the price of farmed Atlantic salmon: An integrated econometric and time series approach," Agribusiness, John Wiley & Sons, Ltd., vol. 5(5), pages 477-488.
    3. Valderrama, Diego & Anderson, James L., 2010. "Market interactions between aquaculture and common-property fisheries: Recent evidence from the Bristol Bay sockeye salmon fishery in Alaska," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 115-128, March.
    4. Homans, Frances R. & Wilen, James E., 1997. "A Model of Regulated Open Access Resource Use," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 1-21, January.
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    Keywords

    Demand and Price Analysis; Marketing;

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