0000000001166675
AUTHOR
R Squatrito
ECONOMIC EVALUATION OF MEDITERRANEAN SEA BASS FARMS ACCORDING TO MARKET TYPOLOGY
Italy represents one of the main production countries of European sea bass and, in this context, Sicilian fish farms play a key role. Since in the last years the economic development has led to an increasingly globalized market, in this paper it has been carried out an economic evaluation of two Sicilian European sea bass farms according to the market typology in which their product is allocated: competitive and oligopolistic market. Moreover, a sensitivity analysis allows to understand how market prices could influence farm economic performances. Results showed higher profit for farm that sold product in oligopolistic market, even if sensitivity analysis highlighted that both farms were ve…
ECONOMIC EVALUATION OF SHORT-TERM DECISIONS IN WINEGROWING FARMS
The majority of small sized Sicilian winegrowing farms are placed in the first part of the supply chain. In this way they are subjected to the grapes prices fixed by the wineries, becoming price takers. This situation determines marginal revenues lower than average costs and in short-term a reduction of farmer income that it can allow to farm bankruptcy. In this context farmer should adopt economic strategies in order to obtain higher profit in a more and more competitive market. The aim of this paper is to understand whether, decreasing labor cost in short-term by means of process innovation, average costs of small sized Sicilian winegrowing farm do not exceed marginal revenues.