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dc.contributor.authorPettersen, Ingrid Kristine
dc.coverage.spatialNorwaynb_NO
dc.date.accessioned2016-08-09T12:03:31Z
dc.date.available2016-08-09T12:03:31Z
dc.date.issued2016-06-16
dc.identifier.citationPrices in the Land of Cod : Analyzing the First-hand Market for Cod in Norway by Ingrid Kristine Pettersen, Stavanger : University of Stavanger, 2016 (PhD thesis UiS, no. 299)nb_NO
dc.identifier.isbn978-82-7644-654-8
dc.identifier.issn1890-1387
dc.identifier.urihttp://hdl.handle.net/11250/2398489
dc.descriptionPhD thesis in Natural Sciencesnb_NO
dc.description.abstractAccording to economic theory, a competitive market leads to the most efficient allocation of resources amongst producers, and for goods and services among consumers. In this dissertation, various aspects of the first-hand market for cod is investigated. Through the study of the price determination processes, both geographically and in product space, we have been able to reveal that this market functions well. The first paper investigates the level of market integration between different regions that include the two biggest sales organizations in Norway, and between fresh and frozen cod. The results indicate that the market for exvessel cod in Norway is integrated. There is evidence that the price determination in the area of the largest sales organization is leading the smallest. Fresh and frozen cod also belongs to the same market, and the frozen cod market is leading the fresh market, ensuring that the Norwegian market for fresh cod is also a part of a global market. The second paper estimates the value of the different attributes of cod across different regions, such as the processing form, the quality, size and gear-type. There are significant differences in the valuation of different attributes and the results shows heterogeneity in the pricing of the attributes between regions. This implies that even though there is basically one representative price for cod that is valid for all regions, there are still regional price variations. The third paper finds that the seven major product forms of cod at the export level can be aggregated into one representative index, hence, cod is a commodity. In addition, there is a long-run relationship between the firsthand price of cod and the cod price index. This shows that there is one representative price for cod at the export level which follows the same price pattern over time as the first-hand price of cod. The fourth paper finds a link between the legally mandated minimum price of cod and several of the exported cod products, so indicating that the minimum price is market-based. Furthermore, we estimated the effect of the cod price index from paper 3, and other variables, on the margin between the minimum price and the first-hand price. The aggregate price transmission effect is less than or equal to one, implying that the price signals from the market is transmitted to the first-hand market in a 1:1 relationship.nb_NO
dc.language.isoengnb_NO
dc.publisherUniversity of Stavanger, Norwaynb_NO
dc.relation.ispartofseriesPhD thesis UiS;299
dc.relation.haspartPettersen, I. K., Asche, F. & Myrland Ø. : Testing for Market Integration for Ex-vessel Cod between different regions in Norwaynb_NO
dc.relation.haspartAsche, F. & Pettersen, I. K. : Hedonic Price Analysis of the Ex-vessel Cod in Norwaynb_NO
dc.relation.haspartPettersen, I. K. & Myrland, Ø. : A Cod is a Cod, but is it a Commodity? Journal of Commodity Marketsnb_NO
dc.relation.haspartMyrland, Ø. & Pettersen, I. K. : The Cod and the Minimum Pricenb_NO
dc.rightsCopyright the author, all right reserved
dc.rightsNavngivelse 3.0 Norge*
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/no/*
dc.subjecttorsknb_NO
dc.titlePrices in the Land of Cod : Analyzing the First-hand Market for Cod in Norwaynb_NO
dc.typeDoctoral thesisnb_NO
dc.subject.nsiVDP::Agriculture and fishery disciplines: 900::Fisheries science: 920nb_NO


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