Publications (2)0 Total impact
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ABSTRACT: Relationships between prices of goods have held interest within economics in at least two areas - market integration and product aggregation. There is a close relationship between market integration and aggregation, although this has not received much attention in the more recent literature. This relationship may increase the usefulness of market integration studies. In this paper, these relationships are developed and illustrated by an application to the world salmon market. It is shown that the Law of One Price holds for an international market with five salmon species. This result has significant implications for the world salmon market regarding both product aggregation in demand analyses and international trade policy.
02/1998;
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F. Asche
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ABSTRACT: During the late 1980s, Norwegian salmon farmers had a market share of over 50% for farmed salmon in the USA. In 1991 a countervailing duty and an anti-dumping duty were imposed on Norwegian exports of farmed salmon to the US which basically closed the market for Norwegian salmon. The primary aim for US farmers was to increase prices on the US market, but also increased US market shares was targeted. In this paper we investigate to what extent the imposed duties on Norwegian salmon was sufficient to reach these goals.
02/1998;