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The price effect of expanding fish auction markets

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Author Info

  • Guillotreau, Patrice
  • Jiménez-Toribio, Ramón

Abstract

Fish markets can be expanded by two means, first by attracting newcomers in a local trading room and secondly by allowing remote bidders to participate. In both cases, electronic systems have played a key role in French primary fish markets. The computerisation of trading rooms started in the mid 1980s while connection through Intranet or Internet systems first started in the mid-1990s and then has spread more actively in France since 2007. However, the socioeconomic impact (on prices for example) of expanding markets by electronic means is far from being clearly predictable. First based on an econometric analysis, this article presents evidence of increases in price level and variability after the implementation of local electronic auction systems. Secondly, a comprehensive survey of the 40 fish auction markets in France brings additional information about the effects of electronic remote bidding on fish prices. The analysis of these two empirical outcomes uses the cross-fertilization of the positivist auction theory in economics with the constructionist approach of Actor-Network Theory (ANT) in sociology to enrich the potential hypotheses lying behind the study of the structural impact of electronic systems on market prices.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 79 (2011)
Issue (Month): 3 (August)
Pages: 211-225

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Handle: RePEc:eee:jeborg:v:79:y:2011:i:3:p:211-225

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Web page: http://www.elsevier.com/locate/jebo

Related research

Keywords: Auction markets Electronic systems Fish prices;

References

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Citations

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Cited by:
  1. repec:hal:wpaper:halshs-00849075 is not listed on IDEAS
  2. Laurent Gobillon & François Charles Wolff & Patrice Guillotreau, 2013. "Evaluating the law of one price using micro panel data," PSE Working Papers halshs-00849075, HAL.
  3. Straume, Hans-Martin, 2013. "Currency invoicing in Norwegian salmon export," Working Papers in Economics 11/13, University of Bergen, Department of Economics.
  4. repec:hal:wpaper:halshs-00839147 is not listed on IDEAS
  5. Laurent Gobillon & François-Charles Wolff & Patrice Guillotreau, 2013. "The anatomy of prices on the French fish market," PSE Working Papers halshs-00839147, HAL.
  6. Asche, Frank & Zhang, Dengjun, 2013. "Testing Structural Changes in the U.S. Whitefish Import Market: An Inverse Demand System Approach," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(3), December.

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