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Market Power of the Icelandic Salted Fish Industry in Spanish Markets

  • Jinghua XieEmail author
Chapter
Part of the MARE Publication Series book series (MARE, volume 8)

Abstract

Iceland and Norway are two main salted fish exporters to Spain. An evident result is that the Icelandic industry benefits from a growing Spanish salted fish market at the cost of the Norwegian industry. The market-oriented innovation of Icelandic industry mainly explains its success against production-oriented Norwegian industry. I argue in this chapter that Icelandic innovation is co-developing with the market power of the Icelandic industry, which makes the Norwegian problem even worse. The chapter tests the existence of Icelandic market power in Spain by using descriptive data analysis and econometric modeling. The sources of Icelandic market power were stated to be friendly Icelandic institutional environments, the industry’s market-oriented innovations, and the control power of the Icelandic salted fish industry in the vertical integrated salted fish value chain.

Keywords

Salted fish Econometric results of market power Market power and innovation Spain Iceland Norway 

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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  1. 1.School of Business and EconomicsUniversity of TromsoTromsoNorway

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