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Examining the long-run relationship between the prices of imported abalone in Japan
journal contribution
posted on 2023-05-18, 08:17 authored by Eriko Hoshino, Caleb GardnerCaleb Gardner, Sarah JenningsSarah Jennings, Klaas HartmannKlaas HartmannThe rapid increase in production and trade of farmed abalone products is a presumed threat to wild abalone producing industries due to downward pressure on price. This article explores the long-run relationship and price dynamics of Australian wild-harvested abalone and other abalone imported into the Japanese market within a cointegration framework. Market integration is identified among fresh abalone products from six countries, with fairly stable relative prices, suggesting that Japanese consumers have a low level of product differentiation on the basis of origin. Consumers in the Japanese market are likely to willingly substitute between wild and farmed import product, placing continued pressure on price for Australian wild-harvested abalone suppliers into this market. A challenge for producers of wild-harvested product is the development of marketing strategies to build product differentiation and greater demand for wild products.
Funding
Australian Seafood Cooperative Research Centre
History
Publication title
Marine Resource EconomicsVolume
30Pagination
179-192ISSN
0738-1360Department/School
TSBEPublisher
University of Chicago PressPlace of publication
United StatesRights statement
Copyright 2015 MRE FoundationRepository Status
- Restricted