Ex-vessel price formation of fish species with low and irregular harvests: The case for John dory in Mie Prefecture, Japan

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  • SAKAI YUTARO
    Department of Global Agricultural Sciences, Graduate School of Agricultural and Life Sciences, The University of Tokyo
  • NARUO SYUNSUKE
    The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • SUZUKI TAKASHI
    Department of Global Agricultural Sciences, Graduate School of Agricultural and Life Sciences, The University of Tokyo
  • YAGI NOBUYUKI
    Department of Global Agricultural Sciences, Graduate School of Agricultural and Life Sciences, The University of Tokyo

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Other Title
  • 少量漁獲魚種の産地価格形成—マトウダイを事例として—
  • 少量漁獲魚種の産地価格形成 : マトウダイを事例として
  • ショウリョウ ギョカクギョシュ ノ サンチ カカク ケイセイ : マトウダイ オ ジレイ ト シテ

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Abstract

<p>　This paper examines the price formation of John dory Zeus faber Linnaeus on the ex-vessel market. We use daily data across 13 ports during the period April 20-August 31, 2014 in Mie Prefecture, Japan. Since the supply at these landing markets can be reasonably considered to be perfectly price-inelastic, the observed price and quantity are expected to follow a downward sloping demand curve. The observed relationship, however, turns out to be upward sloping for the most part. This relationship remains in our regression analysis after controlling for the quality of the harvests, the national price, prices of substitute goods, and climate conditions. We discuss several possibilities that drive this empirical result.</p>

Journal

  • NIPPON SUISAN GAKKAISHI

    NIPPON SUISAN GAKKAISHI 84 (4), 696-704, 2018-07-15

    The Japanese Society of Fisheries Science

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