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Article: Marine fish production and marketing for a Chinese food market: A transaction cost perspective

TitleMarine fish production and marketing for a Chinese food market: A transaction cost perspective
Authors
KeywordsAquaculture
Chopsticks
Culture
Marketing
Property rights
Sustainable development
Taste
Transaction costs
Vertical integration
Issue Date2005
PublisherTaylor & Francis Ltd. The Journal's web site is located at http://www.uq.edu.au/aem/journal.htm
Citation
Aquaculture Economics And Management, 2005, v. 9 n. 3, p. 289-316 How to Cite?
AbstractFrom a transaction cost perspective, this paper shows how the tradition of consuming marine fish by the majority of Hong Kong's Chinese citizens has shaped the means and modes of marketing seafood in Hong Kong. It is argued that consumer preferences stimulate aquaculture as a non-open access measure to bypass state fish marketing regulations. This has resulted in two outcomes. First, the transaction cost savings on metering output quantity and quality under private property have led not only to the collapse of the state monopoly on marine fish marketing, but also to the emergence of the (then new but) currently popular kind of Chinese seafood restaurant in Hong Kong. Second, consumer preferences for variety have shaped the form of coordination between the producer and the consumer. The advantage of market coordination has led to the emergence of a system of wholesaling and retailing rather than vertical integration. Issues concerning the emergence of Hong Kong as a regional live marine fish production and trading centre are discussed in terms of the contribution of local mariculture to sustainable development. Copyright © 2005 IAAEM.
Persistent Identifierhttp://hdl.handle.net/10722/81721
ISSN
2015 Impact Factor: 1.175
2015 SCImago Journal Rankings: 0.422
References

 

DC FieldValueLanguage
dc.contributor.authorLai, LWCen_HK
dc.contributor.authorChau, KWen_HK
dc.contributor.authorWong, SKen_HK
dc.contributor.authorMatsuda, Nen_HK
dc.contributor.authorLorne, FTen_HK
dc.date.accessioned2010-09-06T08:21:15Z-
dc.date.available2010-09-06T08:21:15Z-
dc.date.issued2005en_HK
dc.identifier.citationAquaculture Economics And Management, 2005, v. 9 n. 3, p. 289-316en_HK
dc.identifier.issn1365-7305en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81721-
dc.description.abstractFrom a transaction cost perspective, this paper shows how the tradition of consuming marine fish by the majority of Hong Kong's Chinese citizens has shaped the means and modes of marketing seafood in Hong Kong. It is argued that consumer preferences stimulate aquaculture as a non-open access measure to bypass state fish marketing regulations. This has resulted in two outcomes. First, the transaction cost savings on metering output quantity and quality under private property have led not only to the collapse of the state monopoly on marine fish marketing, but also to the emergence of the (then new but) currently popular kind of Chinese seafood restaurant in Hong Kong. Second, consumer preferences for variety have shaped the form of coordination between the producer and the consumer. The advantage of market coordination has led to the emergence of a system of wholesaling and retailing rather than vertical integration. Issues concerning the emergence of Hong Kong as a regional live marine fish production and trading centre are discussed in terms of the contribution of local mariculture to sustainable development. Copyright © 2005 IAAEM.en_HK
dc.languageengen_HK
dc.publisherTaylor & Francis Ltd. The Journal's web site is located at http://www.uq.edu.au/aem/journal.htmen_HK
dc.relation.ispartofAquaculture Economics and Managementen_HK
dc.subjectAquacultureen_HK
dc.subjectChopsticksen_HK
dc.subjectCultureen_HK
dc.subjectMarketingen_HK
dc.subjectProperty rightsen_HK
dc.subjectSustainable developmenten_HK
dc.subjectTasteen_HK
dc.subjectTransaction costsen_HK
dc.subjectVertical integrationen_HK
dc.titleMarine fish production and marketing for a Chinese food market: A transaction cost perspectiveen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1365-7305&volume=9&issue=3&spage=289&epage=316&date=2005&atitle=Marine+fish+production+and+marketing+for+a+Chinese+food+market:+a+transaction+cost+perspectiveen_HK
dc.identifier.emailLai, LWC:wclai@hku.hken_HK
dc.identifier.emailChau, KW:hrrbckw@hkucc.hku.hken_HK
dc.identifier.emailWong, SK:kelvin.wong@hku.hken_HK
dc.identifier.authorityLai, LWC=rp01004en_HK
dc.identifier.authorityChau, KW=rp00993en_HK
dc.identifier.authorityWong, SK=rp01028en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/13657300500234110en_HK
dc.identifier.scopuseid_2-s2.0-30444434470en_HK
dc.identifier.hkuros127626en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-30444434470&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume9en_HK
dc.identifier.issue3en_HK
dc.identifier.spage289en_HK
dc.identifier.epage316en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLai, LWC=7202616218en_HK
dc.identifier.scopusauthoridChau, KW=24830082500en_HK
dc.identifier.scopusauthoridWong, SK=7404591021en_HK
dc.identifier.scopusauthoridMatsuda, N=11240270000en_HK
dc.identifier.scopusauthoridLorne, FT=12767981600en_HK

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