In this paper, an imperfect market model is developed for evaluating agricultural research benefits. The main finding is that the increases in societal gain, and the producer's share of this gain, are larger with a monopoly than with a competitive market. The paper argues that if the market for...

This paper represents an attempt to begin developing the use of a set of hedonic price indexes (HPIs) that account for quality changes in the shrimp industry in the Asia Pacific. Some implications and opportunities for the Philippines are presented to provide a starting point for future research...

This study explores the interdependencies of aquaculture markets in the Philippines by establishing the price cointegration between the wholesale and retail prices of three major species commonly farmed in the country, i.e., milkfish, tilapia, and shrimp. The co-movements of wholesale prices...

This study explores the interdependencies of aquaculture markets in the Philippines by establishing the price cointegration between the wholesale and retail prices of three major species commonly farmed in the country, i.e., milkfish, tilapia, and shrimp. The co-movements of wholesale prices...

The prawn and shrimp industry in the Philippines is among the most lucrative industries at the domestic and foreign prospective. This paper discusses the relevance of hedonic price analysis recognizing that improving quality is a major issue in the global seafood market due to the increasing...

The Philippine shrimp industry is beset with production problems arising from disease infestation. With declining production and low per capita consumption, this paper sees the opportunities from value-adding, either by enhancing the shrimp product attributes desired by domestic consumers or...