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Detecting Asymmetric Price Transmission with Consistent Threshold along the Fish Supply Chain

Author

Listed:
  • Michel Simioni
  • Frédéric Gonzales
  • Patrice Guillotreau
  • Laurent Le Grel

Abstract

The present study deals with asymmetric price transmission (APT) along the fish value chain by using a consistent threshold autoregressive (consistent TAR and momentum-threshold autoregressive [M-TAR]) model. A nonzero threshold captures strategic behaviors and adjustment costs that are not observable with small price changes around a zero threshold. Fish farming, because of greater control over supply, is expected to produce less asymmetry than wild harvesting. Asymmetry is notwithstanding found for both wild cod and farmed salmon marketed in France, but only with consistent thresholds and operating in opposite ways. The results are discussed with regard to the trade restrictions imposed by the Common Fisheries Policy.
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Suggested Citation

  • Michel Simioni & Frédéric Gonzales & Patrice Guillotreau & Laurent Le Grel, 2013. "Detecting Asymmetric Price Transmission with Consistent Threshold along the Fish Supply Chain," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 61(1), pages 37-60, March.
    • Handle: RePEc:bla:canjag:v:61:y:2013:i:1:p:37-60
    DOI: j.1744-7976.2012.01257.x
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    File URL: http://hdl.handle.net/10.1111/j.1744-7976.2012.01257.x
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    1. Nakajima, Toru & Matsuda, H. & Rifin, Amzul, "undated". "The Structural Change in the Supply Chain of Oil Palm – A Case of North Sumatra Province, Indonesia," 116th Seminar, October 27-30, 2010, Parma, Italy 95206, European Association of Agricultural Economists.
    2. Antonioli, Federico & Santeramo, Fabio, "undated". "Vertical Price Transmission in Milk Supply Chain: Market Changes and Asymmetric Dynamics," 2017 Sixth AIEAA Conference, June 15-16, Piacenza, Italy 261256, Italian Association of Agricultural and Applied Economics (AIEAA).
    3. Rachel Rose & Dimitrios Paparas, 2023. "Price Transmission: The Case of the UK Dairy Market," Commodities, MDPI, vol. 2(1), pages 1-21, March.
    4. Irz, Xavier & Mazzocchi, Mario & Réquillart, Vincent & Soler, Louis-Georges, 2015. "Research in Food Economics: past trends and new challenges," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 96(01), pages 187-237, March.
    5. 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, Cambridge University Press, vol. 42(3), pages 453-470, December.
    6. Bairagi, S. & Mohanty, S., 2018. "Analysis of Price Transmission along the Cambodian Rice Value Chain," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277022, International Association of Agricultural Economists.
    7. Alphonse Singbo & Dislène Sossou, 2024. "Asymmetric spot‐futures prices adjustments in Quebec grain markets," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 72(3), pages 347-363, September.
    8. Serebrennikov, Dmytro & Glauben, Thomas & Goetz, Linde, 2014. "Spatial integration of Russian domestic wheat markets," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182754, European Association of Agricultural Economists.
    9. Sahara, Sahara & Rahman, Bilfan Nur Aulia & Probokawuryan, Mutiara & Amaliah, Syarifah, . "Price Asymmetry in International- Indonesian Markets of Skimmed Milk Powder," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 10(2).
    10. Stefano Mainardi, 2018. "Fishing vessel efficiency, skipper skills and hake pricetransmission in a small island economy," Review of Agricultural, Food and Environmental Studies, INRA Department of Economics, vol. 99(3-4), pages 215-251.
    11. Karl-Heinz Schild & Karsten Schweikert, 2019. "On the Validity of Tests for Asymmetry in Residual-Based Threshold Cointegration Models," Econometrics, MDPI, vol. 7(1), pages 1-13, March.
    12. Jung Hun HAN & Byeong-Il AHN, 2015. "Multiple-regime price transmission between wheat and wheat flour prices in Korea," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(12), pages 552-563.
    13. Zhige Wu & Alex Maynard & Alfons Weersink & Getu Hailu, 2018. "Asymmetric spot‐futures price adjustments in grain markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 38(12), pages 1549-1564, December.
    14. Éva E Plagányi & Ingrid van Putten & Olivier Thébaud & Alistair J Hobday & James Innes & Lilly Lim-Camacho & Ana Norman-López & Rodrigo H Bustamante & Anna Farmery & Aysha Fleming & Stewart Frusher & , 2014. "A Quantitative Metric to Identify Critical Elements within Seafood Supply Networks," PLOS ONE, Public Library of Science, vol. 9(3), pages 1-15, March.
    15. Toru Nakajima, 2012. "Asymmetric Price Transmission of Palm Oil: Comparison between Malaysia and Indonesia," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 6(3), pages 337-360, August.
    16. Romain Capliez-Wahart, 2025. "Spillover Effects between Financial and Physical Copper Markets," EconomiX Working Papers 2025-40, University of Paris Nanterre, EconomiX.
    17. Croutzet, Alexandre & Lasserre, Pierre, 2017. "Optimal completeness of property rights on renewable resources in the presence of market power," Resource and Energy Economics, Elsevier, vol. 49(C), pages 16-32.

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