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SPATIAL DIVERSIFICATION IN NORWEGIAN AQUACULTURE

SPATIAL DIVERSIFICATION IN NORWEGIAN AQUACULTURE Salmon farming companies face risks in both production and their markets. These risks provide incentives to diversify production spatially. A spatial diversification strategy can reduce production risk and contractual obligation risks. In this paper, we investigate the feasibility and consequences of geographically diversifying production in Norwegian aquaculture. Our analysis suggests that diversification can significantly reduce fluctuations in returns and reduce sensitivity to local risk factors. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Aquaculture Economics & Management Taylor & Francis

SPATIAL DIVERSIFICATION IN NORWEGIAN AQUACULTURE

Oglend, Atle; Tveteras, Ragnar
Aquaculture Economics & Management , Volume 13 (2): 18 – May 20, 2009
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SPATIAL DIVERSIFICATION IN NORWEGIAN AQUACULTURE

Abstract

Salmon farming companies face risks in both production and their markets. These risks provide incentives to diversify production spatially. A spatial diversification strategy can reduce production risk and contractual obligation risks. In this paper, we investigate the feasibility and consequences of geographically diversifying production in Norwegian aquaculture. Our analysis suggests that diversification can significantly reduce fluctuations in returns and reduce sensitivity to local risk...
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Publisher
Taylor & Francis
Copyright
Copyright IAAEM
ISSN
1551-8663
eISSN
1365-7305
DOI
10.1080/13657300902881674
Publisher site
See Article on Publisher Site

Abstract

Salmon farming companies face risks in both production and their markets. These risks provide incentives to diversify production spatially. A spatial diversification strategy can reduce production risk and contractual obligation risks. In this paper, we investigate the feasibility and consequences of geographically diversifying production in Norwegian aquaculture. Our analysis suggests that diversification can significantly reduce fluctuations in returns and reduce sensitivity to local risk factors.

Journal

Aquaculture Economics & Management – Taylor & Francis

Published: May 20, 2009

Keywords: diversification; economics of scale; Norwegian aquaculture; production risk

References

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