Exploring the Market Efficiency of New England Seafood Auctions

International Journal of Business Research, Vol. 2, No. 1, pp. 187-193, 2005

8 Pages Posted: 4 Jul 2009

See all articles by D. Steven White

D. Steven White

University of Massachusetts at Dartmouth - Charlton College of Business

Deborah Prentice

North Carolina Agricultural and Technical State University

William J. Lundstrom

Cleveland State University

Date Written: October 1, 2005

Abstract

The seafood industry represents a significant market for the U.S. and New England in particular. Given the commodity nature of this market, one would believe that it should follow widely accepted economic market theory. Contrary to this belief, this study found that the seafood auctions in the largest three New England fishing ports do not conform to market theory. Discrepancies are found both in price and in the price/quantity relationships suggesting that market forces beyond price and quantity are operative in determining the final price of the product offered.

Keywords: seafood business, economic market theory, commodity auctions

JEL Classification: D4, D5, D51

Suggested Citation

White, D. Steven and Prentice, Deborah and Lundstrom, William J., Exploring the Market Efficiency of New England Seafood Auctions (October 1, 2005). International Journal of Business Research, Vol. 2, No. 1, pp. 187-193, 2005. Available at SSRN: https://ssrn.com/abstract=1429791

D. Steven White (Contact Author)

University of Massachusetts at Dartmouth - Charlton College of Business ( email )

Department of Management & Marketing
285 Old Westport Road
North Dartmouth, MA 02747-2300
United States
5089998267 (Phone)

Deborah Prentice

North Carolina Agricultural and Technical State University ( email )

NC
United States

William J. Lundstrom

Cleveland State University ( email )

Cleveland, OH 44115
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
42
Abstract Views
523
PlumX Metrics