Pricing Behavior for Sustainably Farmed Fish in International Trade: The Case of Norwegian Atlantic Salmon (Salmo salar)
The purpose of this study is to examine how the competitive advantage on international markets based on sustainable production is reflected in the pricing behavior of farmed fish, using Norwegian Atlantic salmon (Salmo salar) as an example. The salmon is widely consumed and highly traded due to the...
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MDPI AG
2018
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Online Access: | https://doi.org/10.3390/su10124814 https://doaj.org/article/5f9f14caf1af43f2a8b1b65cf2f53def |
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fttriple:oai:gotriple.eu:oai:doaj.org/article:5f9f14caf1af43f2a8b1b65cf2f53def 2023-05-15T15:30:35+02:00 Pricing Behavior for Sustainably Farmed Fish in International Trade: The Case of Norwegian Atlantic Salmon (Salmo salar) Bong-Tae Kim 2018-12-01 https://doi.org/10.3390/su10124814 https://doaj.org/article/5f9f14caf1af43f2a8b1b65cf2f53def en eng MDPI AG 2071-1050 doi:10.3390/su10124814 https://doaj.org/article/5f9f14caf1af43f2a8b1b65cf2f53def undefined Sustainability, Vol 10, Iss 12, p 4814 (2018) sustainability pricing behavior Atlantic salmon international trade pass-through envir scipo Journal Article https://vocabularies.coar-repositories.org/resource_types/c_6501/ 2018 fttriple https://doi.org/10.3390/su10124814 2023-01-22T19:05:50Z The purpose of this study is to examine how the competitive advantage on international markets based on sustainable production is reflected in the pricing behavior of farmed fish, using Norwegian Atlantic salmon (Salmo salar) as an example. The salmon is widely consumed and highly traded due to the rapid development of aquaculture. Norway, which has been successful in regulating and innovating for sustainable aquaculture, accounts for more than half of world production. A model dealing with pass-through of exchange rates and tariff rates based on the exporter’s profit maximization was applied to 28 major countries importing from Norway, using yearly panel data for 2000⁻2016. Significant evidence of price discrimination was observed in Asian countries where Norway has a high market share, such as China, South Korea, Thailand, and Vietnam. This implies that the market structure of imperfect competition played a major role, suggesting the need to diversify imports to transform the market structure in favor of consumers in Asian countries. Research on the pricing behavior of fisheries products, including cultured fish, is limited in international trade. This paper addresses the gap by applying the pass-through model with changes in tariff rate as well as exchange rate. Article in Journal/Newspaper Atlantic salmon Salmo salar Unknown Norway Sustainability 10 12 4814 |
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language |
English |
topic |
sustainability pricing behavior Atlantic salmon international trade pass-through envir scipo |
spellingShingle |
sustainability pricing behavior Atlantic salmon international trade pass-through envir scipo Bong-Tae Kim Pricing Behavior for Sustainably Farmed Fish in International Trade: The Case of Norwegian Atlantic Salmon (Salmo salar) |
topic_facet |
sustainability pricing behavior Atlantic salmon international trade pass-through envir scipo |
description |
The purpose of this study is to examine how the competitive advantage on international markets based on sustainable production is reflected in the pricing behavior of farmed fish, using Norwegian Atlantic salmon (Salmo salar) as an example. The salmon is widely consumed and highly traded due to the rapid development of aquaculture. Norway, which has been successful in regulating and innovating for sustainable aquaculture, accounts for more than half of world production. A model dealing with pass-through of exchange rates and tariff rates based on the exporter’s profit maximization was applied to 28 major countries importing from Norway, using yearly panel data for 2000⁻2016. Significant evidence of price discrimination was observed in Asian countries where Norway has a high market share, such as China, South Korea, Thailand, and Vietnam. This implies that the market structure of imperfect competition played a major role, suggesting the need to diversify imports to transform the market structure in favor of consumers in Asian countries. Research on the pricing behavior of fisheries products, including cultured fish, is limited in international trade. This paper addresses the gap by applying the pass-through model with changes in tariff rate as well as exchange rate. |
format |
Article in Journal/Newspaper |
author |
Bong-Tae Kim |
author_facet |
Bong-Tae Kim |
author_sort |
Bong-Tae Kim |
title |
Pricing Behavior for Sustainably Farmed Fish in International Trade: The Case of Norwegian Atlantic Salmon (Salmo salar) |
title_short |
Pricing Behavior for Sustainably Farmed Fish in International Trade: The Case of Norwegian Atlantic Salmon (Salmo salar) |
title_full |
Pricing Behavior for Sustainably Farmed Fish in International Trade: The Case of Norwegian Atlantic Salmon (Salmo salar) |
title_fullStr |
Pricing Behavior for Sustainably Farmed Fish in International Trade: The Case of Norwegian Atlantic Salmon (Salmo salar) |
title_full_unstemmed |
Pricing Behavior for Sustainably Farmed Fish in International Trade: The Case of Norwegian Atlantic Salmon (Salmo salar) |
title_sort |
pricing behavior for sustainably farmed fish in international trade: the case of norwegian atlantic salmon (salmo salar) |
publisher |
MDPI AG |
publishDate |
2018 |
url |
https://doi.org/10.3390/su10124814 https://doaj.org/article/5f9f14caf1af43f2a8b1b65cf2f53def |
geographic |
Norway |
geographic_facet |
Norway |
genre |
Atlantic salmon Salmo salar |
genre_facet |
Atlantic salmon Salmo salar |
op_source |
Sustainability, Vol 10, Iss 12, p 4814 (2018) |
op_relation |
2071-1050 doi:10.3390/su10124814 https://doaj.org/article/5f9f14caf1af43f2a8b1b65cf2f53def |
op_rights |
undefined |
op_doi |
https://doi.org/10.3390/su10124814 |
container_title |
Sustainability |
container_volume |
10 |
container_issue |
12 |
container_start_page |
4814 |
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1766361040453369856 |