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Correction Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-09-19
Published in Aquaculture Economics & Management (Ahead of Print, 2023)
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Opportunity between the turbines: Willingness-to-pay for co-location activities with an offshore wind farm Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-09-13 Shannon Fluharty, Jonathan van Senten, Klaus Moeltner, Darrell Bosch
Abstract With the expansion of offshore renewable energy, countries across the world are researching the different ways to maximize the space between wind turbines by coupling multiple maritime activities within the same ocean space. This technique is referred to as co-location and can result in economic and environmental benefits. Using data from a choice experiment and random utility modeling, this
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Forecasting salmon market volatility using long short-term memory (LSTM) Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-09-09 Mikaella Zitti
Abstract Forecasting salmon market volatility is crucial for reducing future uncertainty for market participants. This study explores the efficacy of the Long Short-term Memory (LSTM) network, a deep learning technique, in forecasting multi-step ahead salmon market volatility. The performance of the LSTM is assessed against a constructed volatility proxy and the Autoregressive Moving Average (ARMA)
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How Norwegian aquaculture firms across the value chain were affected by and responded to COVID-19 Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-09-01 Jarle Aarstad, Stig-Erik Jakobsen, Arnt Fløysand, Olav Andreas Kvitastein
Abstract Previous research has shown that Norwegian aquaculture did not report being much affected by COVID-19 but had a strong response to the pandemic regarding cost reductions, market development, and business network development. In this study, we take a step further and investigate if COVID-19 affectedness and responsiveness were consistent across the aquaculture industry’s value chain. Also,
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Consumer preferences and willingness to pay for quality attributes of farmed fish in Bangladesh: A logit regression and a hedonic price analysis Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-08-31 Afjal Hossain, Max Nielsen, A. H. M. Saiful Islam
Abstract Fish consumption in developing countries like Bangladesh is increasing with increasing aquaculture production; however, consumers are becoming more aware and concerned about food quality issues. This study investigates consumer preferences and willingness to pay for farmed fish quality attributes in Bangladesh using logit and hedonic price models, respectively. A total of 800 consumers were
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Determinants affecting consumers’ preferences of retail market and WTP for safe Rui (Labeo rohita) Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-07-26 Mohammed Ziaul Hoque, Md. Nur Mozahid, Md. Jakiul Islam
Abstract In developing countries, food safety is an important predictor of consumer attitude when purchasing fish. This paper explores factors affecting the choice of retail markets and consumers’ Willingness to Pay (WTP) for safe fish in Bangladesh. Cross-sectional data were collected through a consumer survey (n = 420) in two major cities. Factor analysis, multinomial logit model, and log-linear
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Asymmetric price volatility spillover between capture fisheries and aquaculture markets Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-07-21 Prokash Deb, Wenying Li
Abstract The recent growth and development of aquaculture industry in Bangladesh demand a thorough investigation of price volatility spillover pattern among capture fisheries and aquaculture products. Utilizing nationally representative monthly retail price data of the last seventeen years, we identify the evidence of volatility spillover effects among capture fisheries and aquaculture markets. We
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Risk management measures and welfare of aquaculture farmers in Ondo State, Nigeria: Does fish biodiversity play any role? Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-07-05 Lawrence Olusola Oparinde, Taiwo Timothy Amos, Igbekele Amos Ajibefun
Abstract There is a dearth of information on empirical studies on the impact of fish biodiversity on the welfare of farmers. Hence, it is important to investigate the role fish biodiversity, as a risk management measure, plays in the welfare status of aquaculture farmers in Ondo State, Nigeria. A multistage sampling procedure was employed in picking 192 respondents. Data were analyzed using the marginal
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Social net benefits from aquaculture production: A comparison of net cage cultivation and recirculating aquaculture systems Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-06-19 Christine Laine, Markku Ollikainen, Markus Kankainen, Jari Setälä, Jouni Vielma
Abstract This paper applies cost-benefit analysis to assess social and private net benefits from rainbow trout and European whitefish aquaculture under recirculating aquaculture system (RAS) and marine net cage technologies. In addition to private investment and operational costs, we include eutrophication damage from nutrients and value the fish produced by its producer price. The assessment is made
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Technical efficiency of African catfish production in Nigeria: An analysis involving input quality and COVID-19 effects Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-06-12 Olanrewaju Femi Olagunju, Dadi Kristófersson, Theódór Kristjánsson, Tumi Tómasson
Abstract The technical efficiency of the African catfish production in Nigeria was assessed. A total of 609 farms were sampled, and 1,118 operations were recorded covering both the pre-COVID and COVID periods. A translog stochastic frontier modeling approach was used to simultaneously assess the technical efficiencies and the determinants of technical inefficiency of the catfish farmers. The mean technical
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Determinants of investment behavior in Norwegian salmon aquaculture Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-05-08 Ursula Landazuri-Tveteraas, Bård Misund, Ragnar Tveterås, Dengjun Zhang
Abstract The aquaculture industry has experienced substantial growth for many years. Moreover, high growth rates are projected to continue into the foreseeable future. Compared to other aquaculture species, salmon farming is one of the most capital-intensive seafood industries, requiring substantial investments in working capital, fixed assets, intangible assets (i.e., licenses), and innovation. Meanwhile
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Characterization and cluster analysis of rainbow trout (Oncorhynchus mykiss) farming in the province of Abancay (Apurímac, Peru) Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-04-27 Jose A. Ancco, Saúl Utani, Keyro Melendez, Rutniss A. Vasquez, Aldo R. Meza, Oscar Gómez-Quispe
Abstract This study aimed to examine the characteristics of clusters and the factors that influence the profitability of rainbow trout (Oncorhynchus mykiss) farming in Abancay province (Apurimac, Peru). The area is located in the Andes mountains at an altitude of 2,378 meters. Information was collected through a questionnaire. The sample consisted of 100% of the aquaculture farmers registered in the
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Does eco-certification change public opinion of salmon aquaculture in Canada? A comparison of communities with and without salmon farms Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-04-13 Megan E. Rector, Ramon Filgueira, Jon Grant
Abstract Aquaculture eco-certification is associated with some producer-level benefits including price premiums and market access; however, reputational benefits from eco-certification are unclear. A public survey was used to understand the effect of eco-certification on opinion of salmon farming in two Canadian provinces (British Columbia and Nova Scotia) and differences between communities where
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High innovation intensity in fish farming: The role of openness in innovation and strategy Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-04-11 Audun Iversen, Katja Maria Hydle
Abstract The salmon farming industry has since its infancy witnessed immense growth due to innovations increasing productivity. A significant part of the innovations causing the productivity growth has by many observers been attributed to collaborative and open R&D-efforts. Salmon farming in Norway is very research intensive, with a large share of R&D being publicly financed, and with results widely
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A tribute to Professor Emeritus Eugene Y.C. Shang (1930–2023), Founding President of the International Association of Aquaculture Economics and Management Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-04-04 PingSun Leung, Carole R. Engle
Published in Aquaculture Economics & Management (Vol. 27, No. 2, 2023)
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Estimating prices for “new” aquaculture species: A hedonic pricing approach Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-03-17 Sean Pascoe, Lukas Danner, Thejani Gunaratne, Tiana Pang, Peggy Schrobback, Tim Perrin, Polly Hilder
Abstract Assessing the potential economic and financial feasibility of a new aquaculture operation requires, amongst other things, an estimate of the price the product is expected to receive once produced. For new species, such prices may not be apparent in the market. In this study, we develop a hedonic pricing model to estimate the expected price of a species being considered for aquaculture, but
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Economic risk of commercial catfish production practices Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-02-23 Morgan Cheatham, Ganesh Kumar, Jeff Johnson, Jimmy Avery, Suja Aarattuthodi
Abstract The U.S. catfish industry has adopted several production practices which embody varying degrees of economic risk. Employing commercial farm data, this study quantified the economic risks associated with six catfish food fish production strategies. Stochastic Monte Carlo simulations employing established enterprise budgets found fish yield, feed price, and feed conversion ratio contributing
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List of Reviewers Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-02-07
Published in Aquaculture Economics & Management (Vol. 27, No. 1, 2023)
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Fish demand in the U.S. Great Lakes region in the face of seafood mislabeling Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-01-23 Eric Abaidoo, Trey Malone, Richard T. Melstrom
Abstract The rapid globalization of seafood trade over the past few decades has triggered heightened vulnerability for fraud within the seafood supply network. Consumer perceptions of these vulnerabilities are not limited to imported seafood products, as spillover effects are likely to influence purchasing behavior for domestically produced seafood as well. Using a between-sample survey experiment
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A price index of farmed fish: The case of Turkish aquaculture market Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-01-19 Mustafa Tolga Tolon
Abstract This study analyzed the market price dynamics of farmed fish using a price index in Turkey. A specific “Price Index” incorporating the leading aquaculture species produced by Turkish aquaculture, has been calculated for a five-year period spanning from 2016 to 2020. The empirical analysis is based on 60-month price and quantity data of chosen aquaculture species traded in a major wholesale
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Salmon aquaculture in the Faroe Islands – historical developments and future prospects Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-01-17 Trond Bjørndal, Zvonimir P. Đ. Mrdalo
Abstract Today, the combined direct contribution of fishing and fish farming is about one-third of the Faroe Islands’ GDP. In the last three decades, aquaculture has become an important industry, and the Faroe Islands is now the fifth largest salmon producer in the world. In this article, we provide an analysis of the development of Faroese aquaculture from the early 1960s to the present. As in other
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Understanding european aquaculture companies’ perceived risks and risk management practices Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-01-09 Javier Cantillo, Didier Van Caillie
Abstract Aquaculture is the fastest-growing food production technology, having surpassed wild catch as a source of seafood. Yet, modern aquaculture is one of the riskiest businesses to enter as entrepreneurs, farmers or investors. As a result, it is critical to understand how aquaculture companies perceive risks, as well as their most relevant risk sources and management practices, as these are necessary
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Moving beyond least developed country status: Challenges to diversifying Bangladesh’s seafood exports Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-01-06 Jill E. Hobbs, Sangeeta Khorana, May T. Yeung
Abstract Bangladesh is due to graduate from Least Developed Country status, resulting in the loss of preferential market access for textiles and ready-made-garments in key import markets. The paper examines the opportunities and constraints for developing a stronger export market orientation in the Bangladesh fish and seafood sector. We discuss the role of public and private standards in food safety
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Price transmission asymmetry of selected fishes in Bangladesh: An econometric and value chain analysis Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-01-04 Debasish Chandra Acharjee, Kamal Gosh, G. M. Monirul Alam, A. B. M Mahfuzul Haque, Sheikh Mohammad Sayem, Mohammad Ismail Hossain
Abstract Learning the extent of price volatility is critical to ensure the producer and consumer’s economic welfare. Hence, we have envisioned assessing the price transmission relationship over time among the farmgate, wholesale, and retail markets for the four major aquaculture products, namely Rui, Catla, Tilapia and Pangas in Bangladesh. The Granger causality test examined the causal relationships
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Profitability differences in aquaculture firms of the Nordic and Mediterranean-EU regions Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-01-04 José L. Fernández Sánchez, Ignacio Llorente, José M. Fernández-Polanco
Abstract The purpose of this work is to analyze the differences in profitability between European aquaculture firms of the Nordic and Mediterranean-EU regions, as well as the factors that are relevant to explain these differences. In addition to traditional factors proposed by theory to explain profitability differences among firms such as size, efficiency, or capital structure, we also include in
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Correction Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2023-01-04
Published in Aquaculture Economics & Management (Vol. 27, No. 2, 2023)
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Understanding consumption frequency across consumer segments and regions in the Brazilian aquaculture market Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-12-17 Tracy Jeanel St. Louis, Manoel Xavier Pedroza Filho, Roberto Manolio Valladao Flores
Abstract Several socio-demographic factors influence fish consumption frequency and preferences in the Brazilian aquaculture market. Hence, the aims of this paper were (i) to acquire information on fish consumption frequency; (ii) to examine the associations between specific socio-demographic characteristics of aquaculture consumers; (iii) to investigate the consumption frequency of these specific
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Trends for U.S. catfish and swai products in retail markets Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-11-24 Lianqun Sun, Ganesh Kumar, Carole Engle, Jonathan van Senten
Abstract Farm-raised catfish is the largest U.S. aquaculture industry. Over the years, the ingenuity of catfish processors has made catfish products available all over the U.S. including globally competitive retail marketplaces. U.S catfish products face stiff competition from Vietnamese swai products in these diverse markets. This work elucidates the detailed nascent retail trends for U.S. catfish
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Supply chain performance of fishing industry in Bangladesh: Emphasizing on information sharing and commitment Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-11-24 Md. Masudul Haque Prodhan, Md. Akhtaruzzaman Khan, Md. Salauddin Palash, Mohammad Ismail Hossain, Ganesh Kumar
Abstract Supply chain management of the fishing industry has become increasingly important as globalization has increased competition. It is complicated due to the involvement of heterogeneous stakeholders and the establishment of an unorganized market structure. This study gave a holistic insight into the gaps in existing literature for measuring supply chain performance emphasizing the need to value
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The effect of sustainability labels on farmed-shrimp preferences: Insights from a discrete choice experiment in Vietnam Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-11-23 Truong Ngoc Phong, Vo Tat Thang, Hoai Nguyen Trong
Abstract This study investigates the effectiveness of sustainability labels, environmental attitudes, food safety concerns, and knowledge on Vietnamese consumer preferences for sustainably farmed shrimp. Mixed logit and latent class models were applied to estimate utility functions based on 459 samples collected using a choice experiment. The results indicate that Vietnamese consumers prefer sustainably
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Climate risk and financial disclosure in salmon aquaculture Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-11-17 Mikaella Zitti, Atle G. Guttormsen
Abstract The growth of the salmon aquaculture industry has attracted an increasing number of investors. Investors are conscious of economic consequences of climate change for the salmon farming companies, hence their demand for climate-related financial disclosure has increased. This study discusses potential climate-related financial impacts imposed on the salmon aquaculture production as identified
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An upstream-downstream externality related to water quality: The case of the Porong River in Indonesia Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-10-29 Frank Jensen, Venticia Hukom, Rasmus Nielsen, Max Nielsen
Abstract In this paper, we discuss an upstream-downstream externality related to water quality (the level of ammonia) in a river by distinguishing between a non-cooperative and cooperative case. As empirical case, we use the Porong River, which is located in the East Java province of Indonesia. In this river, aquaculture farmers are located downstream while the industrial firms are placed upstream
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Market integration across frozen tropical farmed fish fillets in the EU Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-09-24 José Fernández Polanco, Ignacio Llorente, Audun Lem
Abstract This article presents the results of a market integration analysis in the European Union market of frozen fillets of subtropical farmed species based on imports of tilapia, pangasius and Nile perch. Market integration across countries and species has been tested using Johansen cointegration in order to deal with price series which have been found to be unit root and stationary in different
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Effects of open water availability on productivity and efficiency of tilapia fish farming Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-09-05 Sandip Mitra, Md. Akhtaruzzaman Khan, Md Takibur Rahman, Rasmus Nielsen
Abstract Intensive pond aquaculture production is increasing and playing a major role in global aquaculture production, especially in developing countries. Empirical evidence shows that the access to and exchange of fresh water in tilapia pond aquaculture is important for making pond production ecologically more sound, efficient and productive. This study investigates productivity and efficiency differences
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Developing production and financial benchmarks for marine aquaculture from farm data Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-08-04 Carole R. Engle, Jonathan van Senten, Michael H. Schwarz, Christian Brayden, Sebastian Belle
Abstract Benchmarking programs for crop and livestock farms have been used by farmers to identify ways to improve farm efficiencies. This study developed a set of benchmarks for oyster, mussel, and seaweed farming in Maine (USA). Farm-level survey data were used to calculate benchmarking metrics for each farm respondent. Results showed the importance of disaggregating benchmarking metrics by production
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Price relationships along the Norwegian salmon value chains: A comparative study of the leading consumption market in France and the largest processing industry in Poland Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-08-03 Miranda Svanidze, Guðrún Ólafsdóttir, Ivan Đurić, Maitri Thakur
Abstract This study investigates price relationships along the Norwegian salmon value chains in France, the EU’s leading consumption market for salmon, and Poland, the EU’s largest “processing hub.” Using a vector error correction model framework, our results indicate that the salmon price determination is a supplier-driven process, with the export prices in Norway influencing prices in France and
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A tribute to Professor Clem Tisdell (1939 to 2022), founding coeditor of Aquaculture Economics & Management and member of the organizing team of the International Association of Aquaculture Economics & Management Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-08-03 Carole R. Engle, PingSun Leung
Published in Aquaculture Economics & Management (Vol. 26, No. 3, 2022)
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A comparison of mixed logit and latent class models to estimate market segments for seafood faced with ocean acidification Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-07-29 Nelyda Campos-Requena, Felipe Vásquez-Lavin, Francisco Fernández, Manuel Barrientos, Stefan Gelcich, Roberto D. Ponce Oliva
Abstract This study uses a choice experiment to characterize market segments (consumer preferences heterogeneity) based on three attributes of seafood (mussels) that are affected by ocean acidification: shell appearance, meat color, and nutritional composition. Using a sample of 1,257 individuals from two main cities in Chile, we estimate both the Mixed Logit model and the Latent Class model. We use
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Seafood markets in transition Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-07-27 Hans-Martin Straume, Pratheesh O. Sudhakaran
Published in Aquaculture Economics & Management (Vol. 26, No. 3, 2022)
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Assessing fish farm economic performance and access to financial services nexus: Empirical evidence from Ghana Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-07-19 Martinson Ankrah Twumasi, Dennis Asante, Isaac Owusu Asante, Bismark Addai, Yuansheng Jiang
Abstract This study assesses the factors influencing of access to financial services (AFS) and its impact on fish farm economic performance by employing a multiple-stage random sampling approach to sample 131 fish farms from two regions in Ghana. We accounted for the selection bias issue using the endogenous treatment regression model. The results reveal that factors such asgender, education, fish
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Shrimp export competitiveness and its determinants: a novel dynamic ARDL simulations approach Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-06-24 Md. Akhtaruzzaman Khan, Md. Emran Hossain, Md. Sayemul Islam, Md. Takibur Rahman, Madan Mohan Dey
Abstract This study aims to explore the shrimp export competitiveness of Bangladesh, China, India, Indonesia, Thailand, and Vietnam time spanning from 1990 to 2019. However, emphasizing Bangladesh as a case country, this research looks into the factors influencing shrimp export competitiveness taking into account macroeconomic and policy variables. To do so, we used the recently developed Revealed
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Do Chilean imports lead prices in the EU mussel market? Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-06-22 Leonardo Salazar, Jorge Dresdner
Abstract The impact that added competition of imported mussels from Chile might have had on market prices is one of the main reasons given to explain the decrease in the economic performance of the mussel aquaculture sector in the European Union (EU) in the last two decades. This hypothesis has not yet been tested. In this article we test empirically for price leadership and market integration in the
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The São Paulo wholesale seafood market: A study of fish prices in Brazil Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-06-08 Ruth Beatriz Mezzalira Pincinato, Atle Oglend, Renata Melon Barroso Bertolini, Andrea Elena Pizarro Muñoz
Abstract We analyze fish pricing in the São Paulo wholesale market, the second largest seafood market in South America. Quantitative price analysis is complemented by interviews with participants in the value chain to answer how the multitude of fish products supplied in this market are related and the challenges facing future growth. The results reveal a clear separate pricing of domestically produced
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Dynamics of price volatility spillover in the U.S. catfish market Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-05-31 Prasanna Surathkal, Madan M. Dey, Pratheesh Omana Sudhakaran
Abstract The U.S. catfish aquaculture industry is arguably one of the earliest aquaculture segments in the world to industrialize, and a pioneer in demonstrating the benefits of innovation-driven aquaculture supply chain development over wild-harvested fisheries. However, the industry substantially contracted through the 2003–2013 period. High and volatile feed prices, volatile farm prices, a rapid
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Consumers’ willingness-to-pay for newly developed U.S. farm-raised convenient catfish products: A consumer-based survey study Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-04-22 Kamal Gosh, Uttam Deb, Madan M. Dey
Abstract Accurately measuring willingness-to-pay (WTP) for newly developed food products is critical for academicians and marketing managers. This study measures consumers’ preference and WTP for five newly developed convenient (ready-to-cook) catfish products by surveying 128 participants from Arkansas and Florida. An ordered probit model was applied to survey data to investigate factors influencing
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Modeling the demand across three major protein sources: Focusing on seafood protein Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-04-21 Yeowoon Park, Hayeon Joo, Junghoon Moon
Abstract Despite recent dramatic growth in seafood consumption worldwide, knowledge about seafood demand is limited relative to other protein sources. We model demand across three major protein categories (i.e., terrestrial meat, seafood, and plant-based protein) in South Korea to fill the research gap. This study models a quadratic almost ideal demand system (QUAIDS) by utilizing household panel data
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Clam aquaculture profitability under changing environmental risks Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-04-04 Jordan Moor, Andrew Ropicki, Taryn Garlock
Abstract As filter feeders, mollusks’ growth is completely reliant on the natural environment. This leaves clam aquaculture, and more generally molluskan aquaculture, highly susceptible to environmental risks such as harmful algal blooms (HABs) and low salinity events. As marine environments change, whether due to climatic or nutrient related variations, there may be new risk combinations that farmers
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Consumers’ willingness to pay (WTP) for HACCP certified frozen farmed fish: A consumer survey from wet markets in Dhaka, Bangladesh Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-03-16 Kh Zulfikar Hossain, Jianhong Xue, Md Ghulam Rabbany
Abstract Bangladesh, like many developing countries, has taken various aquaculture product quality and safety control measures. However, it is little is known about Bangladeshi consumers' preferences, and in particular, whether they are willing to pay a price premium for safety improvements and what are the determinants of their WTP. This paper assesses consumers’ preferences and WTP for Hazard Analysis
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Seafood supply and demand disruptions: The Covid-19 pandemic and shrimp Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-03-14 Andrew Schmitz, Ly Nguyen
Abstract We develop a theoretical trade model based on classical welfare economics and apply it empirically to both importers and exporters of shrimp, the most traded seafood, to determine the effects of the Covid-19 pandemic on shrimp produced and consumed in the U.S. and globally. We consider two time periods and compare these to the base period before the pandemic. Period 1 (March–June 2020): there
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Production economic relationships in intensive U.S. catfish production systems Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-02-16 Shraddha Hegde, Ganesh Kumar, Carole Engle, Jimmy Avery, Suja Aarattuthodi, Jeff Johnson, Jonathan van Senten
Abstract The U.S. catfish industry is evolving by adopting intensive farming practices such as intensively aerated ponds and split-pond systems. The functional relationship between fish yield and key production inputs in these intensive systems was analyzed based on commercial catfish production data from 143 pond observations (2010−2018). A Cobb-Douglas production function was employed for the intensively
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How often, how much? An analysis of Label Rouge salmon purchases in France Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-02-04 Arnar Buason, Sveinn Agnarsson, Kyrre Rickertsen
Abstract We investigated the purchases of salmon sold under the Label Rouge quality label in France. A flexible infrequency of purchases model was estimated using French scanner data. The results show that consumers’ perceptions differ substantially between fresh salmon labeled as Label Rouge and other fresh salmon and confirm that Label Rouge results in product differentiation. Furthermore, consumers
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Fish price volatility dynamics in Bangladesh Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2022-01-10 Prokash Deb, Madan Mohan Dey, Prasanna Surathkal
Abstract Price volatility is an important factor in the fish value chain influencing the costs, trade, income, and food security. Therefore, analysis of fish price volatility dynamics can provide valuable insights into the impact of aquaculture growth in Bangladesh, a developing country where much of the animal source protein is obtained through fish consumption. In this article, we use both descriptive
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Risk preference, risk perception, and purchase recovery period: Empirical evidence from salmon contamination of COVID-19 in China Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2021-12-28 Zhijian Yu, Hefei Bai
Abstract This paper investigates the recovery period of consumer salmon purchase intention after food scares at the Xinfadi wholesale market in China during the COVID-19 pandemic and examines the impact mechanism of risk preference and risk perception on the period duration. Our empirical analysis is based on a survey of 655 salmon consumers in Beijing, Tianjin, and Shanghai. We estimate that the purchase
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The impact of sustainable aquaculture technologies on the welfare of small-scale fish farming households in Myanmar Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2021-12-22 Yee Mon Aung, Ling Yee Khor, Nhuong Tran, Michael Akester, Manfred Zeller
Abstract This study analyzed the determinants and potential impacts of the adoption of sustainable aquaculture (SA) technologies on the welfare of small-scale aquaculture (SSA) households in Myanmar using an endogenous switching regression model. Welfare is measured by fish productivity and fish income per cycle and Household Dietary Diversity Score. Our analysis revealed that distance to the sale-point
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Economic contribution of the U.S. catfish industry Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2021-11-26 Shraddha Hegde, Ganesh Kumar, Carole Engle, Terry Hanson, Luke A. Roy, Jonathan van Senten, Jeff Johnson, Jimmy Avery, Suja Aarattuthodi, Sunni Dahl, Larry Dorman, Mark Peterman
Abstract The catfish industry is the largest U.S. aquaculture sector and a major contributor to the rural economies of the Southern states of Alabama, Arkansas, and Mississippi. Economic contributions of this industry to the tristate region were estimated using an input-output modeling approach with the IMPLAN database and software (Impact Analysis for Planning MIG, Inc.). An analysis-by-parts approach
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Technical and scale efficiency of intensive white-leg shrimp (Litopenaeus vannamei) farming in Vietnam: A data envelopment analysis Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2021-11-24 Pham Thi Anh Ngoc, Vu Le, Thuyen Thi Pham, Hiep Cong Pham, Tru Cong Le, Alfons Oude Lansink
Abstract Intensive shrimp production is a potential pathway to increasing export quantity and meeting Vietnamese national export targets set for the 2020–2030 period. Vietnamese farmers need to efficiently manage their shrimp farming to compete in global markets. This study aims to investigate input- and output-specific technical and scale inefficiencies in Vietnamese shrimp farming practice and their
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Developing a bioeconomic framework for scallop culture optimization and product development Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2021-11-22 Struan Coleman, Dana Morse, W. Christian Brayden, Damian C. Brady
Abstract Aquaculture is the fastest growing food production sector in the world and is quickly diversifying. In the Northwest Atlantic, interest in sea scallop (Placopecten magellanicus) (hereafter scallop) aquaculture has grown substantially. However, technical and economic challenges have hindered industry growth. We conducted bioeconomic simulations for various sized farms that targeted either live
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Determinants of urban consumer expenditure on aquatic products in Shanghai, China Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2021-11-13 Ting Meng, Chunxiao Wang, Wojciech J. Florkowski, Zhengyong Yang
Abstract Consumption of aquatic products in China continues to grow and encourages the expansion of aquaculture farms. The examination of factors influencing expenditures on all aquatic products, freshwater fish, squid/octopus, and shellfish uses survey data collected from residents of Shanghai, China. The use of the Tobit modeling approach identified socio-demographic variables such as income, aquatic
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Assessing the economic impact of key operational factors on grow-out farms producing European sea bass under different scenarios of production Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2021-11-05 José L. Fernández Sánchez, Ignacio Llorente, Bernardo Basurco, Cristóbal Aguilera
Abstract The aim of this work is to evaluate how changes in a set of different key operational factors (e.g., the unit sales price, the fingerling unit cost, the feed unit cost, and so on) would impact on the economic performance of a typical grow-out farm producing European sea bass in the Mediterranean under different scenarios of production related to the farm size (production volume) and production
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Socioeconomic acceptance of aquaculture measured through structural equations modeling. Are there discrepancies between men and women in Spain? Aquacult. Econo. Manag. (IF 3.9) Pub Date : 2021-10-19 José Ruiz Chico, Mercedes Jiménez García, Antonio Rafael Peña Sánchez, José Antonio López Sánchez
Abstract At present, aquaculture is still subject to social debate. This paper analyzes its social acceptance compared to traditional fishing, mainly by applying the structural equations methodology. This technique has been widely used in recent times in social sciences but is minor in this field. We propose a model in which we break down its acceptance in two dimensions: Product and company. We also