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Aquaculture International

, Volume 20, Issue 4, pp 605–618 | Cite as

Implicit price of mussel characteristics in the auction market

  • Thong Tien NguyenEmail author
Article
  • 210 Downloads

Abstract

This study explores desired and undesired characteristics of mussels in wholesale market by applying hedonic price analysis. Transaction data in auction market in Yerseke, the Netherlands, was used to estimate linear and semi-log price models. Meat content and size count, which are measured as the ratio of the weight of cooked meat to the total weight and the number of mussel per kg of raw mussels, respectively, are the most important characteristics determining the price. At the sample mean, if the meat content increases by 1%, farmers can get a premium price of 5.5 eurocents kg−1 of raw mussel. Mussel lots with size counts below 50 pieces kg−1 can command the highest implicit price of size. Processors prefer mussel lots in which the size of mussels is more or less heterogeneous. The impurity of mussel lots, which is measured by the percentage of tare, the amount of barnacles and limpets per kg of raw mussels are significant discounting factors on the price. The study also investigates the impact of farming locations and seasons on the price and the price trend during the period of 2002–2009.

Keywords

Hedonic model Meat content Mussel Price formation Size count The Netherlands Yerseke auction 

Notes

Acknowledgments

The author gratefully acknowledges Jaap Holstein in the Yerseke auction market, the Netherlands, for providing data and consulting. The author also would like to thank Lars Ravn-Jonsen, Hans Stubbe Solgaard, Eva Roth, Peter Sandholt Jensen, and the people in the Market and Competition research group (SDU, Denmark), two anonymous referees and the co-editors for their comments and discussion. This paper is financed by the MarBioShell project at Southern Denmark University in Denmark.

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Copyright information

© Springer Science+Business Media B.V. 2011

Authors and Affiliations

  1. 1.Department of Environmental and Business Economics, Centre for Fisheries and Aquaculture Management and Economics (FAME)Southern Denmark University (SDU)EsbjergDenmark

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