Product differentiation and dynamic price behavior in fish markets

Oscar Alfranca, Joan Oca and Lourdes Reig

International Advances in Economic Research, 2004, vol. 10, issue 2, 150-158

Abstract: The objective of this paper is to estimate the dynamics of aquaculture and fish prices as a response to price shocks. The vector autoregression approach will be used to explain the dynamics of the sea bream market in both cultured and wild fishing. The main result is that changes in public regulation or in production conditions could stimulate production responses which may take time to settle. Usually, the change is a matter of adjusting between equilibria over a period of time, with the pattern and speed of the adjustment, depending on the nature and degree of disequilibrium in the fishing system. Copyright International Atlantic Economic Society 2004

Date: 2004
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DOI: 10.1007/BF02295677

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