Economics at your fingertips  

Pricing heterogeneity and transaction mode: Evidence from the French fish market

François-Charles Wolff and Frank Asche
Additional contact information
Frank Asche: UF|IFAS - Food Systems Institute [Gainesville] - UF|IFAS - Institute of Food and Agricultural Sciences [Gainesville] - UF - University of Florida [Gainesville]

Post-Print from HAL

Abstract: While information technology has led to increased market integration, in many markets there are still significant heterogeneity associated with factors such as product characteristics, market location, market lots, transaction mode and buyer and seller characteristics. Using a data set of 40 million observations of up-streams fish sales in Atlantic France, we use the rich attribute information to investigate the extent to which the price differences in a highly heterogenous market can be explained, with a particular focus on the importance of transaction mode. While 78% of the quantity is sold at auctions, the remainder are over-the-counter transactions and this share is increasing. Estimation of hedonic price regressions controlling for fish attributes, local market, buyer and seller heterogeneity show that there is a price differential of 1.7% between the two transaction modes. This result remains robust when taking into account the endogeneity of the sale method through an exact matching of auction and over-the-counter transactions.

Keywords: fish prices; over-the-counter sales; auction sales; hedonic equations (search for similar items in EconPapers)
Date: 2022-11
New Economics Papers: this item is included in nep-agr
Note: View the original document on HAL open archive server:
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Published in Journal of Economic Behavior and Organization, 2022, 203, pp.67 - 79. ⟨10.1016/j.jebo.2022.09.002⟩

Downloads: (external link) (application/pdf)

Related works:
Journal Article: Pricing heterogeneity and transaction mode: Evidence from the French fish market (2022) Downloads
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:

DOI: 10.1016/j.jebo.2022.09.002

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

Page updated 2023-09-09
Handle: RePEc:hal:journl:hal-03913067