Do Chilean imports lead prices in the EU mussel market?
The impact that added competition of imported mussels from Chile might have had on market prices is one of the main reasons given to explain the decrease in the economic performance of the mussel aquaculture sector in the European Union (EU) in the last two decades. This hypothesis has not yet been tested. In this article we test empirically for price leadership and market integration in the EU mussel market. We estimate a cointegrated vector autoregressive (CVAR) model for the French, Italian, and Spanish mussel import markets and test for price leadership.