Market Power of the Icelandic Salted Fish Industry in Spanish Markets

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


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.


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


  1. Antweiler W (2010) Pacific Exchange Rate Service. The University of British Columbia, Sauder School of Business. Accessed 22 July 2010
  2. Carter CA, MacLaren D, Yilmaz A (1999) How competitive is the world wheat market. Working Paper No. 99–002. Department of Agricultural and Resource Economics, University of California DavisGoogle Scholar
  3. Goldberg PK, Knetter MM (1999) Measuring the intensity of competition in export markets. J Int Econ 47:27–60CrossRefGoogle Scholar
  4. Lerner AP (1934) The concept of monopoly and the measurement of monopoly power. Rev Econ Stud 1(3):157–175CrossRefGoogle Scholar
  5. Lindkvist KB, Lorena G-J, Stabell MC (2008) The restructuring of the Spanish salted fish market. Can Geogr 52:105–120CrossRefGoogle Scholar
  6. Nicholas T (2003). Why Schumpeter was right: innovation, market power, and creatively destruction in 1920s America. J Econ Hist 63(4):1023–1058CrossRefGoogle Scholar
  7. Norwegian Seafood Council (NSC) (2009) Personal contact with Kristin Lien, market analyst at Norwegian Seafood Council. Accessed March 2009
  8. Poosiripinyo R, Reed M (2005) Measuring market power in the Japanese chicken meat market. J Int Agric Trade Dev 1:135–148Google Scholar
  9. Schumpeter J (1942) Capitalism socialism and democracy. Harper, New YorkGoogle Scholar
  10. Song B (2006) Market power and competitive analysis of China’s soybean import market. PhD dissertation. University of Kentucky, USAGoogle Scholar
  11. Statistics Faroe Island (2010) Accessed 17 July 2010
  12. Statistics Iceland (2010) Accessed 15 July 2010
  13. Statistics Norway (2010) Accessed 15 July 2010
  14. Trondsen T, Helstad K, Young J (2003) Market-oriented regional fisheries management? An analysis of four fish regions in the North Atlantic. Ocean Coast Manage 46(9–10):917–941CrossRefGoogle Scholar
  15. Xie J, Myrland Ø (2010) Modeling market structure of the Spanish salted fish market. Food Econ—Acta Agric Scand, Sect C 7:119–127Google Scholar

Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  1. 1.School of Business and EconomicsUniversity of TromsoTromsoNorway

Personalised recommendations