Salmon Market Research Articles

A dominant firm model of price determination in the US fresh salmon market: 1985—88

In this paper, a dominant firm pricing model is used to examine price determination in the US imported farmed salmon market for the period 1985–88. In the 1980s, US imports of fresh and frozen salmon increased rapidly, with Norway supplying nearly 80% of farmed salmon. The model assumes that Norwegian suppliers recognize their dominant position in the market and set the level of supply to the US to achieve a price that will maximize profits. The model does well in explaining variations in the price of farmed salmon over the period of study and is used to study recent allegations that Norwegian salmon have been dumped in the US market.

Inventory Dissipation in the Japanese Wholesale Salmon Market

Many fisheries are characterized by a brief and concentrated harvest period followed by a longer marketing period during which the stored product is sold out of inventories. This paper develops an economic model of optimal inventory dissipation for a semi-perishable product which assumes that decision makers plan allocations of inventoried product to the wholesale market over the marketing period in a way that maximizes expected net returns. The model is applied to the Japanese wholesale salmon market. The Japanese market fits the characteristics described above in that inventoried holdings of frozen salmon are established to a large extent from imports during a relatively brief period corresponding to concentrated runs of sockeye salmon in Alaska. Results indicate that supply behavior from inventory stocks can be explained by current and expected future prices, the opportunity cost of holding stocks, the length of time left in the marketing horizon and the level of current inventory.

The demand for salmon in France: the effects of marketing and structural change

Two aspects of change in the market for salmon in France during the 1980s are the subject of econometric analysis. First, an hypothesis that a change in the distribution pattern for salmon, with a larger share of the product traded further down the distribution channel, has lead to more elastic demand is tested via demand analysis. Second, the effects of advertising in expanding the salmon market is tested.

Applying Almon-Type Polynomials in Modelling Seasonality of the Japanese Demand for Salmon

Polynomial approximations of the Almon-type are used to model seasonality of demand in the Japanese salmon market. The approach allows the modelling of demand structures with seasonally-varying slopes and levels. The estimation results are compared to a previous demand analysis using dummy variables to represent seasonal patterns.

Effects of countervailing duty on Norwegian farmed salmon

The recent plunge in the price of Norwegian farmed Atlantic salmon provoked salmon farmers in the United States, Scotland, and Ireland to file dumping litigations against Norway. A dynamic econometric model was constructed to depict the world salmon market and was used to simulate the impacts of a countervailing duty levied on Norwegian farmed salmon. Four different combinations of countervailing tariffs levied in the United States and the European Economic Community are examined. Future profitability of US salmon farming is found to depend on the joint determination of the dumping litigations against Norway in the United States and the European Economic Community. The Pacific salmon capture fishery is likely to be adversely affected if the European Economic Community imposes a larger countervailing tariff than the United States.

The market for Atlantic salmon

The market for Atlantic salmon