The Spanish market for salted cod has undergone important transformations in recent decades. The collapse of the Newfoundland fishery dramatically reduced local processors’ access to the raw material, which previously was mainly supplied by Spanish vessels. The price of salted cod increased and processors margins decreased. By using price integration...
Seabream is the most important farmed species in the Mediterranean region, and Spain is the largest market. A key question for this industry is to assess the way in which negotiation power is distributed along the value chain. Price transmission is studied by analyzing market integration between different levels of...