Price effects of changing quantities supplied at the integrated european fish market

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Price effects of changing quantities supplied at the integrated european fish market. / Nielsen, Max; Smit, Jos; Guillen, Jordi.

In: Marine Resource Economics, Vol. 27, No. 2, 2012, p. 165-180.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Nielsen, M, Smit, J & Guillen, J 2012, 'Price effects of changing quantities supplied at the integrated european fish market', Marine Resource Economics, vol. 27, no. 2, pp. 165-180. https://doi.org/10.5950/0738-1360-27.2.165

APA

Nielsen, M., Smit, J., & Guillen, J. (2012). Price effects of changing quantities supplied at the integrated european fish market. Marine Resource Economics, 27(2), 165-180. https://doi.org/10.5950/0738-1360-27.2.165

Vancouver

Nielsen M, Smit J, Guillen J. Price effects of changing quantities supplied at the integrated european fish market. Marine Resource Economics. 2012;27(2):165-180. https://doi.org/10.5950/0738-1360-27.2.165

Author

Nielsen, Max ; Smit, Jos ; Guillen, Jordi. / Price effects of changing quantities supplied at the integrated european fish market. In: Marine Resource Economics. 2012 ; Vol. 27, No. 2. pp. 165-180.

Bibtex

@article{20688bac74fc4da1b6fd8efebca40de3,
title = "Price effects of changing quantities supplied at the integrated european fish market",
abstract = "This article analyses the effect that changes in the quantities supplied from EU fish stocks have on fish prices. As opposed to earlier studies, this one is European- wide, taking international market integration into account. Average own-price flexibilities for fresh captured fish are found to be −1.1. This implies that price flexibilities previously estimated for single European countries underestimate price changes at the European level caused by quantity changes. Results indicate that changing quantities can increase revenues from individual species with large own-price flexibilities, provided that stocks supply a significant share of the total EU supply. That is found to be the case for sole and anchovies, but not for cod and hake. Thus, for sole the short-run decline in fishermen's incomes following quota and quantity reductions are partly compensated by rising prices. For anchovies it only happens when quotas are reduced for several stocks simultaneously.",
author = "Max Nielsen and Jos Smit and Jordi Guillen",
year = "2012",
doi = "10.5950/0738-1360-27.2.165",
language = "English",
volume = "27",
pages = "165--180",
journal = "Marine Resource Economics",
issn = "0738-1360",
publisher = "University of Chicago Press",
number = "2",

}

RIS

TY - JOUR

T1 - Price effects of changing quantities supplied at the integrated european fish market

AU - Nielsen, Max

AU - Smit, Jos

AU - Guillen, Jordi

PY - 2012

Y1 - 2012

N2 - This article analyses the effect that changes in the quantities supplied from EU fish stocks have on fish prices. As opposed to earlier studies, this one is European- wide, taking international market integration into account. Average own-price flexibilities for fresh captured fish are found to be −1.1. This implies that price flexibilities previously estimated for single European countries underestimate price changes at the European level caused by quantity changes. Results indicate that changing quantities can increase revenues from individual species with large own-price flexibilities, provided that stocks supply a significant share of the total EU supply. That is found to be the case for sole and anchovies, but not for cod and hake. Thus, for sole the short-run decline in fishermen's incomes following quota and quantity reductions are partly compensated by rising prices. For anchovies it only happens when quotas are reduced for several stocks simultaneously.

AB - This article analyses the effect that changes in the quantities supplied from EU fish stocks have on fish prices. As opposed to earlier studies, this one is European- wide, taking international market integration into account. Average own-price flexibilities for fresh captured fish are found to be −1.1. This implies that price flexibilities previously estimated for single European countries underestimate price changes at the European level caused by quantity changes. Results indicate that changing quantities can increase revenues from individual species with large own-price flexibilities, provided that stocks supply a significant share of the total EU supply. That is found to be the case for sole and anchovies, but not for cod and hake. Thus, for sole the short-run decline in fishermen's incomes following quota and quantity reductions are partly compensated by rising prices. For anchovies it only happens when quotas are reduced for several stocks simultaneously.

U2 - 10.5950/0738-1360-27.2.165

DO - 10.5950/0738-1360-27.2.165

M3 - Journal article

VL - 27

SP - 165

EP - 180

JO - Marine Resource Economics

JF - Marine Resource Economics

SN - 0738-1360

IS - 2

ER -

ID: 46154910