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From a transaction cost perspective, this paper shows how the tradition of consuming marine fish by the majority of Hong Kong's Chinese citizens has shaped the means and modes of marketing seafood in Hong Kong. It is argued that consumer preferences stimulate aquaculture as a non-open access...
The purpose of this study is to examine whether and to what extent the shares of selected countries' fishery exports in the world markets reflect their international competitiveness. The Constant Market Share (CMS) model, which decomposes export growth into some broad components (i.e.,...
As adoption of genetic modification (GM) technologies grows, so do questions about consumer acceptance. While willingness to consume GM crop products has been studied extensively, similar studies of GM fish and seafood are lacking. Econometric analyses of U.S. survey data reveal that older,...
This work provides an analysis of the economic feasibility of one of many small-scale aquaculture operations being considered, black pearl oyster farms, as one type of supplemental economic activity for outer island communities in the Central Pacific. Specifically, projections of financial...
We develop a framework for risk assessment in open-ocean aquaculture. The framework consists of three components: a firm-level investment-production model simulates a specific grow-out project and estimates the project's benefit-cost values, a second model calculates the risk premium for a...
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