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 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...