Does Boat Order in the Auction Affect the Price in Fish Markets? Hedonic Pricing for Hake in Northern Spain

Antonio Alvarez

Marine Resource Economics, 2022, vol. 37, issue 3, 305 - 323

Abstract: This paper estimates a hedonic price function for hake using data from a fish auction market in Northern Spain. The model includes some variables that have not been previously considered in the literature, such as the number of boats present at the auction, the number of buyers, the number of yearly landings at this port by boats, the effect of holidays, and the order of the boat in the auction, which is the main variable of interest. Aside from confirming that well-known fish characteristics (such as size and freshness) contribute to higher prices, the results show that boat order has a quadratic relationship with price, implying that there is an optimal order in the auction. Furthermore, the results also show that fishmongers pay higher prices than do larger buyers, that boats that land more often at the port get a premium, and that lower prices are reached on the days before and after a holiday.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1086/719997 (application/pdf)
http://dx.doi.org/10.1086/719997 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:mresec:doi:10.1086/719997

Access Statistics for this article

More articles in Marine Resource Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().