Global S&T Development Trend Analysis Platform of Resources and Environment
Market integration and price leadership: The U.S. Atlantic salmon market | |
Leonardo Salazar; Jorge Dresdner | |
2020-11-30 | |
出版年 | 2020 |
国家 | 瑞典 |
领域 | 资源环境 |
英文摘要 | When markets are integrated and the law of one price holds, prices confronted by different producers should tend to uniformity, in the long run, allowance is made for differences in quality and transportation costs. However, how producers coordinate to align prices is not obvious and probably the answer will vary between markets. In this article, we investigate this question using salmon prices differentials, for the main export countries—Canada, Chile, Norway, and the United Kingdom—of farmed Atlantic salmon in the United States market. The results indicate that there is a single common stochastic trend for the prices of the main suppliers of farmed Atlantic salmon in the United States market. Moreover, the Law of One Price cannot be rejected, implying that farmed Atlantic salmon from the different producers are perfect substitutes for U.S. consumers and that markets are fully integrated. Finally, testing for price leadership, we find that the main exporters follow the lead of the least cost-efficient producer, the United Kingdom. |
URL | 查看原文 |
来源平台 | Environment for Development Initiative |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/305376 |
专题 | 资源环境科学 |
推荐引用方式 GB/T 7714 | Leonardo Salazar,Jorge Dresdner. Market integration and price leadership: The U.S. Atlantic salmon market,2020. |
条目包含的文件 | 条目无相关文件。 |
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