Market Integration of Fish in Europe
研究了欧洲不同鱼类品种之间的市场一体化程度，发现新鲜和冷冻市场均存在一体化，且一价定律在比目鱼和远洋鱼类的新鲜市场成立，这对共同渔业政策的捕捞限制措施有政策启示。
Abstract This paper examines market integration between fish species in Europe, taking international market integration into account. Based on Juselius (2006) , market integration is found both on the fresh and frozen markets. The Law of One Price is in force on the fresh market within the segments of flatfish and pelagic fish. Assuming transitivity, a loose form of market integration is identified between 13 fresh and seven frozen fish species, and the relative prices are found fairly stable. The policy implication is that catch limitation measures implemented through the Common Fisheries Policy have limited and conditional effects on prices, because of the large size of the market and varying market integration. Therefore, many fishermen are not ‘compensated’ by price increases as a result of catch limitation measures.