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Marine Resource Economics >
Volume 23, Number 4, 2008 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/54152
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| Title: | The Price Responsiveness of Salmon Supply in the Short and Long Run |
| Authors: | Andersen, Trude B.
Roll, Kristin H.
Tveteras, Sigbjorn |
| Authors (Email): | Andersen, Trude B. (Trude.Thomassen@uis.no)
Roll, Kristin H. (kristin.h.roll@uis.no) |
| Keywords: | Restricted profit function
supply
salmon farming
profit cycles |
| JEL Codes: | D24
Q21
Q22 |
| Issue Date: | 2008-12 |
| Series/Report no.: | Marine Resource Economics
Vol. 23 No. 4 |
| Abstract: | Productivity growth and competitiveness indicate that salmon supply
is price responsive. However, in the short run supply is likely to be constrained
by the biological production process, regulations, and capacity constraints. In
this article, we estimate a restricted profit function for Norwegian salmon producers,
which allows us to examine the industry’s short-run and long-run supply
responsiveness separately. Using data spanning 1985 to 2004, we find that there
is close to zero, own-price supply responsiveness in the short run. In the long
run, this changes substantially as supply becomes elastic. This result can contribute
to explaining the observed cyclical profitability in the salmon farming
industry. |
| URI: | http://purl.umn.edu/54152 |
| Identifiers: | 0738-1360 |
| Institution/Association: | Marine Resource Economics>Volume 23, Number 4, 2008 |
| Total Pages: | 13 |
| From Page: | 425 |
| To Page: | 437 |
| Collections: | Volume 23, Number 4, 2008
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Files in This Item:
| File |
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Size | Format |
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| 04-Roll.pdf | | 128Kb | PDF | View/Open |
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