Price transmission and market power analysis in the Spanish seafood market chain

Jordi Guillen and Ramon Franquesa
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Ramon Franquesa: Universitat de Barcelona

No 190, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia

Abstract: Spain is one of the largest seafood markets in Europe and the world. Seafood consumption has traditionally been very high in Spain; in 2005, for instance, around 36.7 kg per capita were consumed (MAPA, several years). However, little attention has been paid to the market and how the different levels of the market chain interact. This paper uses weekly data to analyse the price transmission elasticity of the main twelve seafood products in the Spanish market chain (Ex-vessel, Wholesale and Retail stages). We then investigate the price transmission asymmetry in these market stages. The results have significant implications for demand analysis, market power and margins in the seafood value chain.

JEL-codes: L11 Q11 Q22 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2008
New Economics Papers: this item is included in nep-agr, nep-com and nep-ind
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