Price relationships along the value chain: an analysis of the hake market in France

J. Hartmann, Shabbar Jaffry, F. Asche

    Research output: Contribution to conferencePaperpeer-review

    62 Downloads (Pure)

    Abstract

    In this paper we use cointegration analysis and the Law of One Price to test for proportionality between hake prices at different stages along the value chain in the French hake market. Cointegration analysis is an appropriate means of testing for price proportionality when price series are non-stationary, as was found to be the case for hake prices in France. Estimates of the relative size of mark-ups along the value chain are calculated by applying the Law of One Price to the cointegrated price series. Finally, we test for weak exogeneity of hake prices in order to determine how price information is transmitted through the value chain.
    Original languageEnglish
    Publication statusPublished - 2001
    EventMicrobehavior and Macroresults: the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade - Corvallis, Oregon, United States
    Duration: 10 Jul 200014 Jul 2000

    Conference

    ConferenceMicrobehavior and Macroresults: the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade
    Country/TerritoryUnited States
    CityCorvallis, Oregon
    Period10/07/0014/07/00

    Fingerprint

    Dive into the research topics of 'Price relationships along the value chain: an analysis of the hake market in France'. Together they form a unique fingerprint.

    Cite this