Understanding market competition and consumer preferences are important first steps in developing... more Understanding market competition and consumer preferences are important first steps in developing a business. In a competitive market, the effectiveness of the various elements of a firm's marketing mix depends not only on the absolute value of each element but also on the relative values of the elements with respect to the firm's position in the market. In this paper, we analyze the demand structure and market positions of a variety of seafood products in the French retail market. We used a labeled choice experiment to analyze 12 seafood species. The choice options were labeled by the names of the seafood, providing researchers the opportunity to analyze the competitive interactions among the species. Competitive clout and vulnerability measures were estimated for each species as summary measures of species competition. These measures were calculated from cross-and own-elasticities and reveal that salmon and cod have the strongest market position, while monkfish and pangasius have the weakest. In general, the demand for seafood is moderately sensitive to price (market elasticity of −1.31). Large size and low-income households, female consumers, people in the age range 35-44 years, and self-employed consumers are the most sensitive to price. Four segments were identified and described in terms of both consumer characteristics and preferences. Our results are meaningful for producers and retailers to develop marketing strategies and production plans. [EconLit citations: D12, M21, Q13]. 1 INTRODUCTION Understanding the demand structure and market positioning among competitive products may help producers and marketers develop production and marketing strategies. In a competitive marketplace, the effectiveness of any element of the marketing mix is determined not only by its absolute value but also by its relative value with respect
Consumers in developed countries are often willing to pay for high quality food, while the willin... more Consumers in developed countries are often willing to pay for high quality food, while the willingness to pay of poor consumers in developing countries is uncertain. The nutritious value increases ...
This study has been inspired by the methods and procedures from the Intergovernmental Science-Pol... more This study has been inspired by the methods and procedures from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), to assess and compare information on biodiversity and ecosystem services in Nordic coastal ecosystems. A synthesis is provided in a Summary for Policy Makers (http://www.naturvardsverket.se/978-91-620-8799-9). The project is a collaboration between
Evidence of market integration between farmed pangasius and wild-caught whitefish is provided in ... more Evidence of market integration between farmed pangasius and wild-caught whitefish is provided in the literature, pointing towards pangasius prices being determined on the large international whitefish market. In the presence of price transmission in the value chain, global growth of pangasius farming does therefore not in itself reduce the farm-gate prices in Vietnam. In this paper, price transmission in the pangasius value chain from farmers in Vietnam, via export to final consumption in Germany, is tested using the Johansen cointegration framework. Price transmission is identified both between farm-gate prices and export prices in Vietnam and between export prices and retail prices in Germany. The Law of One Price was rejected in both cases, indicating imperfect price transmission. Weak exogeneity tests of market leadership identify a value chain with downstream market leadership consisting of German retailers leading exporters, which themselves lead farmers. The implication is that growth of Vietnamese pangasius farming can continue, ceteris paribus, without reducing prices substantially. Vietnamese farmers can invest in expansions without fearing self-inflicted price falls, but farmers and local communities remain prone to fluctuations following from supply and demand changes at the international whitefish market outside of their control.
This paper critically reviews the theoretical and practical implications of adopting the original... more This paper critically reviews the theoretical and practical implications of adopting the original 'ecological footprint' concept as an index of the sustainability of aquaculture production systems. It is argued that the concept may provide a reasonable visioning tool to demonstrate natural resource dependence of human activities to politicians and the public at large. However, due to its inherent weaknesses, the 'ecological footprint' fails to provide a cohesive analytical tool for management. From an ecological perspective, its two-dimensional interpretation of complex ecologically and economically interacting systems is one major weakness. From an economic perspective, the 'footprint' fails to recognise factors such as consumer preferences and property rights which have a major influence on the allocation and sustainable use of resources. The interactions among social, ecological and economic factors are discussed in an attempt to foster a broader inter-disciplinary view of criteria required for a sustainable use of aquatic resources.
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwe... more Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. All rights reserved. No part of this WORKING PAPER may be used or reproduced in any manner whatsoever without the written permission of IME except in the case of brief quotations embodied in critical articles and reviews. Terms of use: Documents in Abstract This paper presents the theoretical properties of the Inverse Almost Ideal Demand System and applies the system on time series data for cod, herring and plaice in Denma...
Understanding market competition and consumer preferences are important first steps in developing... more Understanding market competition and consumer preferences are important first steps in developing a business. In a competitive market, the effectiveness of the various elements of a firm's marketing mix depends not only on the absolute value of each element but also on the relative values of the elements with respect to the firm's position in the market. In this paper, we analyze the demand structure and market positions of a variety of seafood products in the French retail market. We used a labeled choice experiment to analyze 12 seafood species. The choice options were labeled by the names of the seafood, providing researchers the opportunity to analyze the competitive interactions among the species. Competitive clout and vulnerability measures were estimated for each species as summary measures of species competition. These measures were calculated from cross-and own-elasticities and reveal that salmon and cod have the strongest market position, while monkfish and pangasius have the weakest. In general, the demand for seafood is moderately sensitive to price (market elasticity of −1.31). Large size and low-income households, female consumers, people in the age range 35-44 years, and self-employed consumers are the most sensitive to price. Four segments were identified and described in terms of both consumer characteristics and preferences. Our results are meaningful for producers and retailers to develop marketing strategies and production plans. [EconLit citations: D12, M21, Q13]. 1 INTRODUCTION Understanding the demand structure and market positioning among competitive products may help producers and marketers develop production and marketing strategies. In a competitive marketplace, the effectiveness of any element of the marketing mix is determined not only by its absolute value but also by its relative value with respect
Consumers in developed countries are often willing to pay for high quality food, while the willin... more Consumers in developed countries are often willing to pay for high quality food, while the willingness to pay of poor consumers in developing countries is uncertain. The nutritious value increases ...
This study has been inspired by the methods and procedures from the Intergovernmental Science-Pol... more This study has been inspired by the methods and procedures from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), to assess and compare information on biodiversity and ecosystem services in Nordic coastal ecosystems. A synthesis is provided in a Summary for Policy Makers (http://www.naturvardsverket.se/978-91-620-8799-9). The project is a collaboration between
Evidence of market integration between farmed pangasius and wild-caught whitefish is provided in ... more Evidence of market integration between farmed pangasius and wild-caught whitefish is provided in the literature, pointing towards pangasius prices being determined on the large international whitefish market. In the presence of price transmission in the value chain, global growth of pangasius farming does therefore not in itself reduce the farm-gate prices in Vietnam. In this paper, price transmission in the pangasius value chain from farmers in Vietnam, via export to final consumption in Germany, is tested using the Johansen cointegration framework. Price transmission is identified both between farm-gate prices and export prices in Vietnam and between export prices and retail prices in Germany. The Law of One Price was rejected in both cases, indicating imperfect price transmission. Weak exogeneity tests of market leadership identify a value chain with downstream market leadership consisting of German retailers leading exporters, which themselves lead farmers. The implication is that growth of Vietnamese pangasius farming can continue, ceteris paribus, without reducing prices substantially. Vietnamese farmers can invest in expansions without fearing self-inflicted price falls, but farmers and local communities remain prone to fluctuations following from supply and demand changes at the international whitefish market outside of their control.
This paper critically reviews the theoretical and practical implications of adopting the original... more This paper critically reviews the theoretical and practical implications of adopting the original 'ecological footprint' concept as an index of the sustainability of aquaculture production systems. It is argued that the concept may provide a reasonable visioning tool to demonstrate natural resource dependence of human activities to politicians and the public at large. However, due to its inherent weaknesses, the 'ecological footprint' fails to provide a cohesive analytical tool for management. From an ecological perspective, its two-dimensional interpretation of complex ecologically and economically interacting systems is one major weakness. From an economic perspective, the 'footprint' fails to recognise factors such as consumer preferences and property rights which have a major influence on the allocation and sustainable use of resources. The interactions among social, ecological and economic factors are discussed in an attempt to foster a broader inter-disciplinary view of criteria required for a sustainable use of aquatic resources.
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.
Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwe... more Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. All rights reserved. No part of this WORKING PAPER may be used or reproduced in any manner whatsoever without the written permission of IME except in the case of brief quotations embodied in critical articles and reviews. Terms of use: Documents in Abstract This paper presents the theoretical properties of the Inverse Almost Ideal Demand System and applies the system on time series data for cod, herring and plaice in Denma...
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