Asymmetric price transmission in a changing food supply chain

IF 3.8 2区经济学 Q1 AGRICULTURAL ECONOMICS & POLICY

Aquaculture Economics & Management Pub Date : 2020-08-26 DOI:10.1080/13657305.2020.1810172

Dejene Gizaw, Ø. Myrland, Jinghua Xie

{"title":"Asymmetric price transmission in a changing food supply chain","authors":"Dejene Gizaw, Ø. Myrland, Jinghua Xie","doi":"10.1080/13657305.2020.1810172","DOIUrl":null,"url":null,"abstract":"Abstract The farmed salmon supply chain in Europe is changing. There is a growing concentration at intermediary levels in the supply chain and more product differentiation in the market. This means that different price determination processes could apply in various product sub-markets. In this study, price transmission relationships in the salmon value chain were investigated at two different product levels. Specifically, a relatively unprocessed salmon product (fresh salmon) and a more processed product (smoked salmon) were investigated since processing costs might have a significant impact on a vertical price linkage. A threshold cointegration model was applied to estimate the price transmission between the Norwegian export market and the retail markets of France and Spain. The results indicated a price transmission relationship along the fresh salmon chain in both markets; but not along the smoked salmon chains in either market. Furthermore, for the fresh salmon value chain, asymmetric adjustment was observed in both markets.","PeriodicalId":48854,"journal":{"name":"Aquaculture Economics & Management","volume":"25 1","pages":"89 - 105"},"PeriodicalIF":3.8000,"publicationDate":"2020-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/13657305.2020.1810172","citationCount":"12","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Aquaculture Economics & Management","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/13657305.2020.1810172","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"AGRICULTURAL ECONOMICS & POLICY","Score":null,"Total":0}

引用次数: 12

Abstract

Abstract The farmed salmon supply chain in Europe is changing. There is a growing concentration at intermediary levels in the supply chain and more product differentiation in the market. This means that different price determination processes could apply in various product sub-markets. In this study, price transmission relationships in the salmon value chain were investigated at two different product levels. Specifically, a relatively unprocessed salmon product (fresh salmon) and a more processed product (smoked salmon) were investigated since processing costs might have a significant impact on a vertical price linkage. A threshold cointegration model was applied to estimate the price transmission between the Norwegian export market and the retail markets of France and Spain. The results indicated a price transmission relationship along the fresh salmon chain in both markets; but not along the smoked salmon chains in either market. Furthermore, for the fresh salmon value chain, asymmetric adjustment was observed in both markets.

查看原文本刊更多论文

变化中的食品供应链中的不对称价格传导

欧洲养殖鲑鱼的供应链正在发生变化。供应链的中间环节越来越集中，市场上的产品越来越分化。这意味着不同的价格确定过程可能适用于不同的产品子市场。本文研究了三文鱼价值链中两个不同产品层次的价格传导关系。具体而言，由于加工成本可能对垂直价格联系产生重大影响，因此对相对未加工的鲑鱼产品(新鲜鲑鱼)和加工程度较高的产品(烟熏鲑鱼)进行了调查。采用阈值协整模型估计挪威出口市场与法国和西班牙零售市场之间的价格传导。结果表明，两个市场的三文鱼价格沿鲜三文鱼链存在传导关系;但两个市场的烟熏三文鱼连锁店都没有。此外，对于新鲜鲑鱼价值链，两个市场都观察到不对称调整。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Aquaculture Economics & Management FISHERIES-

CiteScore

7.30

自引率

17.90%

发文量

期刊介绍： Aquaculture Economics and Management is a peer-reviewed, international journal which aims to encourage the application of economic analysis to the management, modeling, and planning of aquaculture in public and private sectors. The journal publishes original, high quality papers related to all aspects of aquaculture economics and management including aquaculture production and farm management, innovation and technology adoption, processing and distribution, marketing, consumer behavior and pricing, international trade, policy analysis, and the role of aquaculture in food security, livelihoods, and environmental management. Papers are peer reviewed and evaluated for their scientific merits and contributions.