Value Chains’ Constraining Effect on Industrial Conventions and Market Adaptions
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Value chains constrain the business transactions’ capacity to maximize market value from limited resources. Seafood markets exhibit a strong demand for fresh, high-quality seafood, yet empirical studies show large variations in value chains’ adaptation and exploitation of market opportunities.
This paper shows that both the distance in space and time between the wild harvest and the consumption regions and the choice of preservation methods are important structural constraints for market adaptation. A comparative study of the Norwegian and Icelandic exports also shows that the value chains’ conventions, geographically rooted in harvesting and processing regions upstream, have a significant effect in shaping differences in the value chains’ market adaptation downstream.
KeywordsConstraining effects Conventions Market adaptions Fish exports Cod value chains Environmental adaptation Governance Iceland Norway
The author is thankful for critical comments and recommendations of an earlier draft of the paper from my colleagues Knut Lindkvist and José Luis Sànchez Hernàndez.
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