Noncompetitive pricing and exchange rate pass-through in Mauritanian octopus export markets

Octopus exports are an important source of foreign exchange for Mauritania. The export market has historically been dominated by coordinated Japanese buyers, a situation that led Mauritania to create the Societe Mauritanienne de Commercialisation de Poisson (SMCP) to negotiate with buyers and manage...

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Bibliographic Details
Published inJournal of agribusiness Vol. 15; no. 1; pp. 85 - 102
Main Authors Kazmierczak, R.F. Jr. (Louisiana State University Agricultural Center, Baton Rouge, LA.), Zapata, H.O, Diop, H
Format Journal Article
LanguageEnglish
Published 1997
Edition345
Subjects
ADMINISTRACION PESQUERA
Agribusiness
COMPETENCIA ECONOMICA
CONCURRENCE ECONOMIQUE
Demand and Price Analysis
DISCRIMINACION DE PRECIOS
DISCRIMINATION DES PRIX
ECONOMIC COMPETITION
EXCHANGE RATE
Exchange rates
EXPORTACIONES
EXPORTATION
EXPORTS
FISHERY MANAGEMENT
FOREIGN EXCHANGE
GESTION DES PECHES
Imperfect competition
International Relations/Trade
International trade
JUNTAS DE COMERCIALIZACION
MARKETING BOARDS
MATHEMATICAL MODELS
MAURITANIA
MAURITANIE
METHODE STATISTIQUE
METODOS ESTADISTICOS
MODELE MATHEMATIQUE
MODELOS MATEMATICOS
OCTOPUS
OCTOPUS (GENUS)
Octopus fisheries
OFFICE DE COMMERCIALISATION
PRICE DISCRIMINATION
REGRESSION ANALYSIS
STATISTICAL METHODS
TAUX DE CHANGE
TIPO DE CAMBIO
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Summary:Octopus exports are an important source of foreign exchange for Mauritania. The export market has historically been dominated by coordinated Japanese buyers, a situation that led Mauritania to create the Societe Mauritanienne de Commercialisation de Poisson (SMCP) to negotiate with buyers and manage all octopus exports. Issues concerning competitiveness, price discrimination, and exchange rate pass-through in the Mauritanian octopus export market corrected for contemporaneous and serial correlation. Results indicate some degree of price discrimination across destination markets, market share enhancement through local currency price stabilization, and increases in marginal costs of production following nationalization of the Mauritanian trawler fleet. Thus, while creation of the SMCP did not result in the development of complete countervailing market power, Mauritania has managed to enhance the position of its octopus exports in the lucrative Japanese market.
Bibliography:E20
1997051439
E70
ISSN:0738-8950
2832-0204
DOI:10.22004/ag.econ.90407