An analysis of price formation in the Dutch mussel industry

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

This paper presents the findings of a study aimed at identifying the determinants of price formation in the mussel industry in the Netherlands. The Netherlands is one of the major producers of mussels in Europe and the largest exporter. As such it is expected to have an important influence on price formation in Europe. The investigation of price formation attempted to identify the most important determinants of price at the wholesale market level and to test any interactions between the Dutch market and other markets in Europe. Estimation was by means of an econometric demand analysis using monthly data from the single auction market at Yerseke. The Dutch market was found to be highly competitive, with price highly responsive to supply, quality and seasonality. This short-term price elasticity is paired with price-inelastic short-term supply. Therefore there is potential for shifting the demand curve without inducing a shift in supply. The implications of these results are discussed and suggestions for marketing put forward.
LanguageEnglish
Pages91-103
Number of pages13
JournalAquaculture International
Volume2
Issue number2
DOIs
Publication statusPublished - Jun 1994

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mussels
industry
markets
market
Netherlands
wholesale marketing
demand elasticities
auctions
econometrics
demand analysis
marketing
price
analysis
Price formation
Industry
elasticity
seasonality
The Netherlands
Europe
testing

Keywords

  • hydrobiology
  • mussels
  • markets
  • Netherlands

Cite this

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abstract = "This paper presents the findings of a study aimed at identifying the determinants of price formation in the mussel industry in the Netherlands. The Netherlands is one of the major producers of mussels in Europe and the largest exporter. As such it is expected to have an important influence on price formation in Europe. The investigation of price formation attempted to identify the most important determinants of price at the wholesale market level and to test any interactions between the Dutch market and other markets in Europe. Estimation was by means of an econometric demand analysis using monthly data from the single auction market at Yerseke. The Dutch market was found to be highly competitive, with price highly responsive to supply, quality and seasonality. This short-term price elasticity is paired with price-inelastic short-term supply. Therefore there is potential for shifting the demand curve without inducing a shift in supply. The implications of these results are discussed and suggestions for marketing put forward.",
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An analysis of price formation in the Dutch mussel industry. / Gibbs, Juliette; Shaw, Susan A.; Gabbott, Mark.

In: Aquaculture International, Vol. 2, No. 2, 06.1994, p. 91-103.

Research output: Contribution to journalArticle

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