An understanding of the structure of price volatility is of great interest since this is a major contributor to economic risk in the salmon industry. The volatility process in salmon prices was analyzed based on weekly price data from 1995 to 2007. The Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model was...
In this paper, we study the short run price dynamics of imported fresh, farmed Atlantic and Pacific salmon on US regional markets. An Error Correction framework is used to specify a short run model. The results show a substitute relationship among the different salmon species in that an adjustment process...
The prices of Finnish salmon and aquacultured rainbow trout have dropped to a new all-time low in 1995. The price, in real terms, the fishers were paid for domestic salmon in the beginning of the 90's was only one fourth of what it had been in 1980. This price decline...
Much attention has been given to how to model the price spread since Gardner's important contribution was published in the mid seventies. Most farm-retail price spread studies are applied on agriculture products restricted to domestic trade only. Globalization and weaker trade barriers allow products to reach new markets, and at...