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Imperfect Competition and Structural Changes in the US Salmon Import Market

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  • Jinghua Xie
  • Dengjun Zhang
Abstract
This article examines the extent of competition in the US salmon import market using a residual demand model. The estimated residual demand elasticity is coincident with the profit margin, which depends on market demand and competitors' supply as well as production cost. The estimation results reveal the following: (1) the forces driving the jointly dominant positions of Chilean and Canadian salmon exporters, (2) the suppliers' allocation decisions by product form, (3) the consequences of the antidumping order (AD) imposed on Chilean salmon, and (4) the impacts of the 2008 infectious salmon anemia (ISA) outbreak on Chilean exports, competitors' supply, and market demand.

Suggested Citation

  • Jinghua Xie & Dengjun Zhang, 2014. "Imperfect Competition and Structural Changes in the US Salmon Import Market," Marine Resource Economics, University of Chicago Press, vol. 29(4), pages 375-389.
    • Handle: RePEc:ucp:mresec:doi:10.1086/678929
    DOI: 10.1086/678929
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    References listed on IDEAS

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    8. Bjorndal, Trond & Salvanes, Kjell G & Gordon, Daniel V, 1994. "Elasticity Estimates of Farmed Salmon Demand in Spain and Italy," Empirical Economics, Springer, vol. 19(3), pages 419-428.
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    1. Tinoush Jamali Jaghdani & Ulf Johansen & Maitri Thakur & Thomas Glauben, 2024. "Salmon trade duration: The application of firm‐level trade transaction data from the Norwegian salmon industry," Agribusiness, John Wiley & Sons, Ltd., vol. 40(2), pages 325-348, April.
    2. Gafarova, Gulmira & Perekhozhuk, Oleksandr & Glauben, Thomas, 2023. "The oligopolistic behavior of Kazakh and Russian wheat exporters in the South Caucasus: Evidence from a residual demand elasticity analysis," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 23(1-2), pages 1-32.
    3. Carolyn Fischer & Atle G. Guttormsen & Martin D. Smith, 2017. "Disease Risk and Market Structure in Salmon Aquaculture," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-29, April.
    4. Gafarova, Gulmira & Perekhozhuk, Oleksandr & Glauben, Thomas, 2017. "Analysis Of Oligopolistic Behaviour Of Kazakh And Russian Exporters In The South Caucasus Wheat Market," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261429, European Association of Agricultural Economists.

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