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Market Shocks In Salmon Aquaculture: The Impact Of The Chilean Disease Crisis

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  • ASCHE, F.
  • COJOCARU, A.L.
  • SIKVELAND, M.

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.

Suggested Citation

  • Asche, F. & Cojocaru, A.L. & Sikveland, M., 2018. "Market Shocks In Salmon Aquaculture: The Impact Of The Chilean Disease Crisis," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 50(2), pages 255-269, May.
    • Handle: RePEc:cup:jagaec:v:50:y:2018:i:02:p:255-269_00
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    Cited by:

    1. Moor, Jordan & Asche, Frank & Ropicki, Andrew J., 2023. "Renewable resource market responses under rights-based management: linkages in Gulf of Mexico fisheries," 2023 Annual Meeting, July 23-25, Washington D.C. 335749, Agricultural and Applied Economics Association.
    2. Itemgenova, Aigerim & Sikveland, Marius, 2020. "The determinants of the price-earnings ratio in the Norwegian aquaculture industry," Journal of Commodity Markets, Elsevier, vol. 17(C).

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