Importance of temporal and spatial factors in the ex-vessel price formation for red shrimp and management implications

Jordi Guillen and Francesc Maynou

Marine Policy, 2014, vol. 47, issue C, 66-70

Abstract: The importance of temporal (such as the day of the week, month and year) and spatial (port of origin, distance to main market) factors are measured in the price determination of a luxury seafood item, the red shrimp (Aristeus antennatus), using a hedonic price function. In hedonic analysis the price of a product is specified as a function of the attributes and factors that characterize the product, such as quality or origin. In this analysis there are used the daily ex-vessel data of red shrimp caught by the deep-water trawl fishery for the main fishing ports in Catalonia (North-West Mediterranean) for the period 2000–2012. Results show the importance of port of origin, seasonality, volume of landings and a decrease in price since 2008 due probably to the current world financial crisis. The day of the week, although of relatively lower importance in the models, shows that red shrimp prices are lower in Tuesdays and Wednesdays (14% lower than on Fridays). Management measures based on effort reduction in this input-controlled fishery could target these days when red shrimp price is lower in order to minimize the short-term adverse economic effect of effort reduction on the trawl fleet.

Keywords: Red shrimp; Hedonic price; Price formation; Mediterranean fisheries (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0308597X14000426
Full text for ScienceDirect subscribers only

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:eee:marpol:v:47:y:2014:i:c:p:66-70

DOI: 10.1016/j.marpol.2014.02.004

Access Statistics for this article

Marine Policy is currently edited by Eddie Brown

More articles in Marine Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().