Price integration in the Australian rock lobster industry: implications for management and climate change adaptation
Ana Norman-Lόpez,
Sean Pascoe,
Olivier Thébaud,
Ingrid Putten,
James Innes (),
Sarah Jennings,
Alistair Hobday,
Bridget Green and
Eva Plaganyi
Authors registered in the RePEc Author Service: Ana Norman-Lopez
Australian Journal of Agricultural and Resource Economics, 2014, vol. 58, issue 1, 43-59
Abstract:
type="main" xml:id="ajar12020-abs-0001">
Rock lobster fisheries are Australia's most valuable wild fisheries in terms of both value of production and value of exports. Different states harvest and export different lobster species, with most of the landings being sent to the Hong Kong market. A perception in the Australian lobster industry is that the different species are independent on the export market, such that a change in landings of one species has no impact on the price of the others. This study investigates the market integration of Australian exports to Hong Kong for the four species and different exporting states. Our results indicate all four species and producers/export states are perceived to be substitutes for one another, so that, in the long run, prices paid to operators in the industry will move together. The integrated nature of the Hong Kong export market for Australian lobster suggests that the potential impacts of alternative fisheries management and development strategies at state and species levels cannot be considered in isolation, at least from an economic perspective. In addition, impacts of external shocks affecting production in one state (e.g. climate change) can be expected to affect all Australian lobster fisheries.
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (7)
Downloads: (external link)
http://hdl.handle.net/10.1111/ajar.2014.58.issue-1 (text/html)
Access to full text is restricted to subscribers.
Related works:
Journal Article: Price integration in the Australian rock lobster industry: implications for management and climate change adaptation (2014) 
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:bla:ajarec:v:58:y:2014:i:1:p:43-59
Ordering information: This journal article can be ordered from
http://ordering.onli ... 1111/(ISSN)1467-8489
Access Statistics for this article
Australian Journal of Agricultural and Resource Economics is currently edited by John Rolfe, Lin Crase and John Tisdell
More articles in Australian Journal of Agricultural and Resource Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().