A Fish Is a Fish Is a Fish? Testing for Market Linkages on the Paris Fish Market

This paper applies both the Engle-Granger and Johansen cointegration test procedures to determine the existence of market linkage among high-valued {salmon and turbot) and low-valued (cod) fish species using monthly average wholesale price data recorded on the Paris fish market. We find that the pri...

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Bibliographic Details
Main Authors: Gordon, Daniel V., Salvanes, Kjell Gunnar, Atkins, Frank
Format: Article in Journal/Newspaper
Language:English
Published: 1993
Subjects:
Cointegration
market linkages
salmon price
Demand and Price Analysis
Environmental Economics and Policy
Johansen
Turbot
Online Access:http://purl.umn.edu/48868
Description
Summary:This paper applies both the Engle-Granger and Johansen cointegration test procedures to determine the existence of market linkage among high-valued {salmon and turbot) and low-valued (cod) fish species using monthly average wholesale price data recorded on the Paris fish market. We find that the price of salmon is determined exogenously to the system of prices examined and that the market for salmon is not linked to the markets for turbot or cod.

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