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Pricing the Fish Market- Does size matter?

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  • Eric Sjöberg

Abstract

The importance of fish size for price per kilo is studied using an inverse demand approach. Prices per kilo in different size categories of the same species differ significantly. This means that the average price for a species may change due to e.g., high-grading, growth overfishing or a changing climate which all have the potential to change the size composition of the catch. The estimates show that quantity flexibilities differ substantially across size and species while scale flexibilities in general are close to homothetic. The results imply that the effect of size on price is an important aspect to take into account when formulating regulation or policies to curb growth overfishing and high-grading.

Suggested Citation

  • Eric Sjöberg, 2014. "Pricing the Fish Market- Does size matter?," Working Paper Series, Department of Economics, University of Utah 2014_01, University of Utah, Department of Economics.
    • Handle: RePEc:uta:papers:2014_01
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    More about this item

    Keywords

    Fish; Inverse demand; Size; Pricing JEL Classification: C51; Q11; Q22;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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