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The effect of buyers and sellers on fish market prices
| Content Provider | Semantic Scholar |
|---|---|
| Author | Gobillon, Laurent Wolff, François-Charles Guillotreau, Patrice |
| Copyright Year | 2017 |
| Abstract | This paper extends the traditional hedonic price specification to take into account the unobserved heterogeneity of sellers, buyers and seller–buyer matches. The specification is estimated using econometric techniques for non-nested panel data models on a data set of nearly 15 million transactions occurring in French wholesale fish markets over the 2002–2007 period. Results show that unobserved heterogeneity plays a significant role in price setting. For some species, its inclusion in price regressions changes the coefficients of quality-related fish characteristics. Fish characteristics are the main factors explaining price variations for many species, but time and buyer effects also play a significant role. |
| Starting Page | 149 |
| Ending Page | 176 |
| Page Count | 28 |
| File Format | PDF HTM / HTML |
| DOI | 10.1093/erae/jbw006 |
| Alternate Webpage(s) | http://laurent.gobillon.free.fr/page_web/articles/gobillon_wolff_guillotreau_2016_prices.pdf |
| Alternate Webpage(s) | https://doi.org/10.1093/erae%2Fjbw006 |
| Volume Number | 44 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |