Please use this identifier to cite or link to this item:
|Title:||Market Integration of Fish in Europe|
|Authors:||NIELSEN Max; SMIT Jos; GUILLEN GARCIA JORDI|
|Citation:||JOURNAL OF AGRICULTURAL ECONOMICS vol. 60 no. 2 p. 367-385|
|Type:||Articles in periodicals and books|
|Abstract:||This paper examines market integration between fish species in Europe, taking international market integration into account. Based on Juselius (2006), market integration is found both on the fresh and frozen markets. The Law of One Price is in force on the fresh market within the segments of flatfish and pelagic fish. Assuming transitivity, a loose form of market integration is identified between 13 fresh and seven frozen fish species, and the relative prices are found fairly stable. The policy implication is that catch limitation measures implemented through the Common Fisheries Policy have limited and conditional effects on prices, because of the large size of the market and varying market integration. Therefore, many fishermen are not ¿compensated¿ by price increases as a result of catch limitation measures.|
|JRC Directorate:||Space, Security and Migration|
Files in This Item:
There are no files associated with this item.
Items in repository are protected by copyright, with all rights reserved, unless otherwise indicated.