Fresh Fish Markets in Oman: A Price Integration Analysis

O. S. Al-Jabri; H. Boughanmi; A. Omezzine

doi:10.1300/J047v14n02_05

Fresh Fish Markets in Oman: A Price Integration Analysis

O. S. Al-Jabri^*, H. Boughanmi, A. Omezzine

^*Corresponding author for this work

Natural Resource Economics

Research output: Contribution to journal › Article › peer-review

4 Citations (Scopus)

Abstract

Previous studies have indicated serious impacts of current market organization on the distribution of fresh fish and consequently on the prevalent pricing system leading to high inter-regional price differences and lack of market integration. The primary area of inquiry in this study relates to market integration as a proxy for spatial pricing efficiency. The Law of One Price (LOP) analysis was used to test whether prices in pairs of markets are integrated through transfer costs or not. The findings of this study have practical policy implications indicating that the current marketing system for fish in Oman is not supporting a fair distribution of returns from fisheries operations to all participants in the sector.

Original language	English
Pages (from-to)	77-93
Number of pages	17
Journal	Journal of International Food and Agribusiness Marketing
Volume	14
Issue number	2
DOIs	https://doi.org/10.1300/J047v14n02_05
Publication status	Published - Mar 1 2003

Keywords

Cointegration test
Correlation matrix
Law of One Price
Market integration
Perfect competition
Stationary test
Traditional fishermen
Transfer cost
Truckers

ASJC Scopus subject areas

Business and International Management
Food Science
Marketing

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title = "Fresh Fish Markets in Oman: A Price Integration Analysis",

abstract = "Previous studies have indicated serious impacts of current market organization on the distribution of fresh fish and consequently on the prevalent pricing system leading to high inter-regional price differences and lack of market integration. The primary area of inquiry in this study relates to market integration as a proxy for spatial pricing efficiency. The Law of One Price (LOP) analysis was used to test whether prices in pairs of markets are integrated through transfer costs or not. The findings of this study have practical policy implications indicating that the current marketing system for fish in Oman is not supporting a fair distribution of returns from fisheries operations to all participants in the sector.",

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AB - Previous studies have indicated serious impacts of current market organization on the distribution of fresh fish and consequently on the prevalent pricing system leading to high inter-regional price differences and lack of market integration. The primary area of inquiry in this study relates to market integration as a proxy for spatial pricing efficiency. The Law of One Price (LOP) analysis was used to test whether prices in pairs of markets are integrated through transfer costs or not. The findings of this study have practical policy implications indicating that the current marketing system for fish in Oman is not supporting a fair distribution of returns from fisheries operations to all participants in the sector.

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Fresh Fish Markets in Oman: A Price Integration Analysis

Abstract

Keywords

ASJC Scopus subject areas

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