Most trade literature is concerned with gains from free trade under the assumption that traded goods are produced under complete property rights. Seldom have researchers examined the consequences of free trade in the presence of incomplete property rights over renewable natural resources. In this paper, we explore these consequences. In...
The objective of this paper is to present a parsimonious forecasting model for the fishmeal price. The focus is on the soybean meal market’s impact on the fish meal price through the soybean meal futures price together with the stocks-to-use as an indicator of demand and supply conditions. A salient...
Compared to other EU-countries, the consumption of fish is relatively high in Finland at 15 kg per capita. On the contrary, the consumption of meat is low. The total consumption of meat is 66 kg per capita, of which 20 per cent is poultry. During the last decade there have...
The fish markets in Finland were formerly protected from international competition. The markets were gradually
opened to free competition in the 1990s due to the EEA agreement and EU membership. As a consequence, the importation of fresh salmon from Norway rapidly increased, and imported salmon captured the markets from domestic...
Using a general equilibrium model that has a resource (fisheries) sector and that incorporates subsistence consumption into consumer preferences, we examine the costs and benefits of participating in international trade. In some cases income transfers may permit potential, but otherwise unachievable, gains from trade to occur.