Commercial Sizes and Prices on the French Monkfish Fishery :A Time-Series Analysis
The total value of the Monkfish (Lophius piscatorius and L. budegassa) production seemedgreatly influenced by inter-annual price fluctuations, which could be explained by the evolutionof marketing conditions for fish In certain cases, a local market for fish can be defined so thatthe fishermen are price-makers. In the general case however, producers are subject to externalconditions to their local market. This paper addresses the formation of ex-vessel prices for asingle commercial species, Monkfish (Lophius piscatorius and L. budegassa), proposing anidentification of market integration for the Monkfish species, considering two majorcommercial sizes and different types of fishing units. A time series analysis is conducted from1994 to 2005 on a monthly basis for fishing units exploiting the groundfish communities of theBay of Biscay and the Celtic Sea. Results show that: (i) price series are globally cointegratedboth from the size of species and the size of production units; (ii) the LOP hold for thecommercial size 3 and trawlers over 16 meters.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Newell, Richard G. & Papps, Kerry L. & Sanchirico, James N., 2007. "AJAE Appendix: Asset Pricing in Created Markets," American Journal of Agricultural Economics Appendices, Agricultural and Applied Economics Association, vol. 89(2), May.
- Richard G. Newell & Kerry L. Papps & James N. Sanchirico, 2007. "Asset Pricing in Created Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(2), pages 259-272.
- Asche, F. & Bremnes, H. & Wessells, C.R., 1998.
"Product Aggregation, Market Integration and Relationships Between Prices: an Application to World Salmon Markets,"
27/98, Norwegian School of Economics and Business Administration-.
- Frank Asche & Helge Bremnes & Cathy R. Wessells, 1999. "Product Aggregation, Market Integration, and Relationships between Prices: An Application to World Salmon Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(3), pages 568-581.
- Juselius, Katarina, 2006. "The Cointegrated VAR Model: Methodology and Applications," OUP Catalogue, Oxford University Press, number 9780199285679, May.
- Österholm, Pär, 2003. "The Taylor Rule: A Spurious Regression?," Working Paper Series 2003:20, Uppsala University, Department of Economics.
- Shabbar Jaffry & Sean Pascoe & Catherine Robinson, 1999. "Long run price flexibilities for high valued UK fish species: a cointegration systems approach," Applied Economics, Taylor & Francis Journals, vol. 31(4), pages 473-481.
- Gloria Gonz�lez-Rivera & Steven M. Helfand, 2001. "The Extent, Pattern, and Degree of Market Integration: A Multivariate Approach for the Brazilian Rice Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 576-592.
- Frank Asche & Daniel Gordon & Rognvaldur Hannesson, 2002. "Searching for price parity in the European whitefish market," Applied Economics, Taylor & Francis Journals, vol. 34(8), pages 1017-1024.
- Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501, May.
- Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, vol. 59(6), pages 1551-80, November.
- Patrice Guillotreau & Ramón Jiménez-Toribio, 2006. "The Impact of Electronic Clock Auction Systems on Shellfish Prices: Econometric Evidence from a Structural Change Model," Journal of Agricultural Economics, Wiley Blackwell, vol. 57(3), pages 523-546.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
When requesting a correction, please mention this item's handle: RePEc:bxr:bxrceb:2013/130035. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benoit Pauwels)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.