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Market integration between wild and farmed species in Spain
Authors:Trond Bjørndal  Jordi Guillen
Institution:1. Norwegian University of Science and Technology, ?lesund, Norway;2. SNF Center for Applied Research – NHH, Bergen, NorwayTrond.Bjorndal@snf.no;4. European Commission, Joint Research Centre (JRC), Institute for the Protection and Security of the Citizen (IPSC), Maritime Affairs Unit, Ispra, Italy;5. Institut de Ciències del Mar – CSIC, Barcelona, Spain
Abstract:ABSTRACT

Market integration occurs when prices among different locations or related goods follow similar patterns over time. Current knowledge on market integration between aquaculture and wild-caught fish is based on a small number of species and markets. Most studies show the existence of market integration between wild and farmed conspecifics, with the clear exception of European seabass and gilthead seabream in Southern European countries. In this study, we investigate whether this lack of market integration between wild and farmed conspecifics for European seabass and gilthead seabream in Southern European countries is specific for these species or is representative for the area. Therefore, we investigate the existence of market integration in Spain between wild and farmed conspecifics for a large variety of different species: turbot (Scophthalmus maximus), sole (Solea spp.), blackspot (red) seabream (Pagellus bogaraveo), Atlantic cod (Gadus morhua), and meagre (Argyrosomus regius).
Keywords:Aquaculture  fisheries  market integration  price competition  Spain
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