scholarly journals Estimating the Market Share and Price Premium of GI Foods—The Case of the Hungarian Food Discounters

2020 ◽  
Vol 12 (3) ◽  
pp. 1094 ◽  
Author(s):  
Lili Jantyik ◽  
Áron Török
Keyword(s):  
Market Share ◽  
Price Premium ◽  
Market Size ◽  
Geographical Indications ◽  
Product Portfolio ◽  
The European Union ◽  
Consumer Prices ◽  
Food Market ◽  
One Year ◽  
Discount Stores

The food security of the European Union heavily relies on the food quality systems where Geographical Indications (GI) play an important role. European food is considered world-wide secure and high quality, therefore European food names and designations represent value that should be protected as intellectual property. Despite the importance of GIs in Europe, the availability of the related economic data is very limited, and the only available comprehensive database (in the case of GI foods, the Database of Origin and Registration (DOOR)) details only some very basic and mainly administrative characteristics of such products. From an economic perspective, market size and price premium of these products are the most important in order to assess the economic sustainability of European GI foods. Empirical datasets describing these characteristics of GI products are scarcely available and can be collected only case by case. Therefore, the purpose of this study is to estimate the market size for food products with geographical indications available in Hungary (excluding wines and spirits) and their price premium compared to their direct substitute products, based on empirical data. We conducted monthly mystery shopping for one year (January–December 2018) at three food discount stores (Lidl, Aldi, and Penny Market) operating in Budapest. We collected data on all the GI products available in the stores and their closest substitutes; then the dataset was subsequently analysed and compared to the main characteristics of the DOOR database. The reason for choosing the discounters is that these stores have expanded spectacularly in recent years and are mostly available to average consumers, both in Hungary and across Europe, and based on the main characteristics of this type of retail (limited product portfolio targeting price-sensitive consumers), the data collected here can be considered to indicate the minimum level of market share and price premium. Our results show that currently, GIs have only limited importance in the Hungarian food market, in terms of both the number of products and their market share, as only a small number of such products appear in the food discounters’ supply. As regards the premium achievable with consumer prices, the average price premium is remarkably high (43% on average), even in the case of discounters. Our empirical results also suggest that in Hungary, there is an opportunity to increase the importance of GI foods, both in terms of availability and market share. For Hungarian GI food producers and processors, the level of price premium achievable in discounters might be attractive enough to stimulate their presence in the market.

scholarly journals Understanding the Real-World Impact of Geographical Indications: A Critical Review of the Empirical Economic Literature

2020 ◽  
Vol 12 (22) ◽  
pp. 9434
Author(s):  
Áron Török ◽  
Lili Jantyik ◽  
Zalán Márk Maró ◽  
Hazel V. J. Moir
Keyword(s):  
Rural Development ◽  
Economic Impact ◽  
Value Chain ◽  
Empirical Studies ◽  
Production Costs ◽  
Market Size ◽  
Geographical Indications ◽  
The European Union ◽  
Export Markets ◽  
Unequal Distribution

In our study, we tried to collect empirical studies focusing on the economic impact of Geographical Indications (GIs). Using a systematic literature review approach, we investigated three different aspects: market size, price premium and impacts on rural development. Based on the findings of studies both from the grey and academic literature, the results are quite mixed. Though the number of GI-related empirical studies has risen in recent years, there is a lack of economic data to support policies related to GIs, even in the European Union (EU), where the most important GI system exists. Overall, it is impossible to draw any general conclusions about the economic impact of GIs. Some countries have remarkable GI market size, and some GI products have a determinative role in both domestic and export markets; however, it is not general. Again, some particular GI products of some regions could gain significant price premiums, but due to the associated higher production costs and unequal distribution in the value chain, it might not result in higher producer incomes. The most conflicting empirical results were found in how GIs can contribute to regional prosperity, as evidences of the harmful effects of GIs on rural development were also identified.

scholarly journals MANAGEMENT OF SPECIAL FOOD PRODUCT – AN OPPORTUNITY FOR MARKET EXPANSION IN THE REGION AND EUROPEAN FOOD MARKET

2014 ◽  
Vol 2 ◽  
pp. 50-54
Author(s):  
Mirjana Nedović ◽  
Lovro Babić
Keyword(s):  
European Union ◽  
Food Product ◽  
Food Products ◽  
European Market ◽  
Geographical Indications ◽  
The European Union ◽  
Market Expansion ◽  
Food Market ◽  
Willingness To Purchase

This research is based on conducted surveys with potential consumers of a food product called “kulen” a Slavonian traditional dry fermented salami, as an indigenous Croatian product, covering two counties (Osiječko-Baranjska and Vukovarsko-Srijemska). The surveys include the manufacturer’s attitude toward the special traditional product kulen, their place in the market, strengths, and weaknesses. The aim of this paper is to analyze the market for kulen food products, based on consumers’ responses and their willingness to purchase the product.  The results showed that in the two counties, most consumers purchase salami once a week from a Croatian market—a crucial indicator for consumption of quality products.  With Croatia’s accession to the European Union, Croatian manufacturers have found themselves within the unified European market. This primarily means an expanding market where they can sell more of their products.  However, the entry of new producers into the Croatian market would also increase competition. In such case, some manufacturers will have to lower the price of their products to become more competitive, while those whose products have unique geographical indications, designations of origin, and traditional specialty would certainly be able to set a higher price for their products.

The Union of Laughter and Forgetting? The European Union and the Construction of its own History

2006 ◽  
Author(s):  
Hernan Tesler-Mabe
Keyword(s):  
European Union ◽  
Great Part ◽  
The European Union ◽  
European Constitution ◽  
Close Study ◽  
Dramatic Shift ◽  
One Year ◽  
The Many ◽  
Teleological Interpretation ◽  
Compare And Contrast

As recently as one year ago, the European Union was seemingly on a direct path toward its avowed goal of "ever closer union." In numerous publications, EU authorities asserted that they had the confidence of European peoples desirous only of further integration. In the wake of the failed referenda for a European Constitution, however, enthusiasts of European Union can no longer be certain that their enterprise will succeed. The European Union, once strong and united, seems now an entity teetering on the edge of collapse. The reasons for such a dramatic shift are, of course, wide-ranging. Yet I would suggest that a great part of the general European disillusionment with European Union has come about as a result of the actions of the Europeanists themselves. Over the last decades, European officials have exhibited a frightfully high incidence of revisionism in their literature. This practice, I argue, has caused many Europeans to question the integrity of the project of European Union. For my presentation, I intend to undertake a close study of a selection of documents published by the European Communities. In this endeavour, I will compare and contrast the messages imparted in different editions of these works and consider the semiotic significance of the textual and non-textual language appearing therein. In this manner, I hope to achieve two aims. First, I mean to add a corrective element to a literature that, guided by a teleological interpretation of integration, endows integration with”logic" to be found only in hindsight. Second, I intend to examine the many meanings that the EU has had over its history and assess how closely policy has adhered to the ideological goals of prominent Europeanists. In sum, I hope to shed light on the fundamental disconnect between advocates of Europe and the "man on the street" and help establish a dialogue which may contribute to resolving the current impasse within the European Union. Full text available: https://doi.org/10.22215/rera.v2i4.178

scholarly journals Effects of Serbian accession to the European Union

2012 ◽  
Vol 59 (3) ◽  
pp. 355-367 ◽  
Author(s):  
Mario Holzner ◽  
Valentina Ivanic
Keyword(s):  
Trade Liberalization ◽  
Consumer Surplus ◽  
The European Union ◽  
Policy Changes ◽  
Eu Accession ◽  
Consumer Prices ◽  
The World ◽  
Producer Surplus ◽  
The One ◽  
The Eu

In this article, the global simulation model (GSIM) of Joseph F. Francois and Keith H. Hall (2009) for analyzing global, regional, and unilateral trade policy changes was applied to Serbia. This was to measure the effects of full trade liberalization with the EU after Serbian accession to the EU. As anticipated, most of the changes in welfare after full liberalization of trade between Serbia and EU can be expected in sectors where Serbia has specialized; protection against imports from the EU is strong. However, losses could also occur in sectors that currently face strong protection against the rest of the world and this protection is lost after EU accession. Trade liberalization will lead to a substantial loss of tariff revenues. Reduced consumer prices might, on the one hand increase consumer surplus but on the other hand decrease producer surplus and output in certain industries.

scholarly journals Administrative and legal supervision of the Veterinary Inspection over food safety in Poland – selected issues

2020 ◽  
Vol 31 ◽  
pp. 23-36
Author(s):  
Ewa Bonusiak ◽  
Keyword(s):  
Food Safety ◽  
Public Administration ◽  
Human Life ◽  
Animal Health ◽  
The European Union ◽  
Economic Interests ◽  
Protective Function ◽  
Health Quality ◽  
Food Market ◽  
High Level

Legal sciences, raising food safety as the subject of research, focus mainly on striving to ensure sufficiently effective legal regulations and the system of bodies controlling and supervising the food market that determine the correct health quality of food. One such body is the Veterinary Inspection. And while it focuses in its tasks mainly on the protection of animal health, it directly and indirectly affects the maintenance of food health requirements. Supervision exercised by the said Inspection plays an important role in ensuring a high level of protection of human life and health, and also protects the economic interests of the consumer. These two goals are basic. Additional objectives are protection of the reliability of commercial transactions, ensuring the free movement of food in the European Union, protection of animal health and living conditions and protection of the environment. They are of particular importance for determining acceptable limits of competences that can be entrusted to public administration bodies, including the said Inspection. The article presents the activities of the Veterinary Inspection to protect food safety and selected executive forms that it uses for this purpose. These types of entities are equipped with such forms of activity because they fulfill a protective function in the public administration system. However, this function implies the obligation to protect many different values desired individually, as well as maintain (ensure) objectively desired states of affairs, phenomena and processes.

scholarly journals Why early collective action pays off: evidence from setting Protected Geographical Indications

2016 ◽  
Vol 32 (2) ◽  
pp. 179-192 ◽  
Author(s):  
Xiomara F. Quiñones-Ruiz ◽  
Marianne Penker ◽  
Giovanni Belletti ◽  
Andrea Marescotti ◽  
Silvia Scaramuzzi
Keyword(s):  
Collective Action ◽  
Social Cohesion ◽  
Quality Standards ◽  
Legal Framework ◽  
Future Research ◽  
Geographical Indications ◽  
The European Union ◽  
Application Process ◽  
Public Authorities ◽  
Italian Case

AbstractThe registration of Geographical Indications (GIs) under the European Union (EU) legislation requires collective action and considerable efforts borne by multiple actors such as producers, processors, public authorities and research centers. We analyze their efforts, risks and benefits by comparing two EU GI registration processes in Italy and Austria, namely the Sorana bean Protected Geographical Indication (PGI) and the Perry from Mostviertel PGI. Results from the institutional and transaction costs analysis suggest that intensive interaction for solving conflicting interests, negotiating quality standards and defining common rules might pay off in indirect benefits and reduced risks. In particular, an inclusion of diverse and heterogeneous interest groups and a high degree of direct enterprise participation along the GI application process (as observed in the Italian case) generate benefits such as trust and social cohesion, which then support the actual use of the GI label and a better implementation of associated quality standards. A supportive legal framework with assistance from public authorities can back up the community of producers not only in technical aspects, but also as mediators when conflicts seem to be difficult to solve. As there seems to be a positive relationship between the intensity and effectiveness of collective action and the likelihood of achieving broadly accepted standards and social cohesion needed for successful GI implementation, the question for future research would not be how to avoid collective efforts but how to effectively organize the interaction among heterogeneous producer groups.

State and Future of the European Constitution – Improvement or Radical Reform?

2001 ◽  
Vol 2 (15) ◽  
Author(s):  
Dominik Hanf
Keyword(s):  
European Union ◽  
Foreign Minister ◽  
The European Union ◽  
European Constitution ◽  
Radical Reform ◽  
The Future ◽  
The Creation ◽  
One Year

In January 1999 German Foreign Minister J. Fischer called for a debate on the creation of a constitution for the European Union. Since then, many German politicians have exposed their vision of the future of Europe and its constitution. However, even one year later, the matter appeared still to be a ‘German concern’ only.

scholarly journals A First Assessment of Some Measures of Core Inflation for the Euro Area

2003 ◽  
Vol 4 (3) ◽  
pp. 269-306 ◽  
Author(s):  
Juan-Luis Vega ◽  
Mark A. Wynne
Keyword(s):  
Euro Area ◽  
Superior Performance ◽  
Significant Advance ◽  
The European Union ◽  
Policy Makers ◽  
Core Inflation ◽  
Consumer Prices ◽  
Trend Inflation ◽  
Alternative Measures ◽  
Core Measures

Abstract Core inflation plays an important role in the deliberations of monetary policy-makers. In this paper we evaluate a number of measures of core inflation constructed using euro-area data. In addition to the traditional exclusion-type core measures, we examine two newer ones, documenting their properties and evaluating their performance in terms of their ability to track underlying or trend inflation in real time. We focus on core measures derived from the Harmonized Index of Consumer Prices (HICP) as the European Central Bank has chosen to define its mandate for price stability in terms of this index, and because this is the only index of consumer prices that is compiled in a comparable manner across all members of the European Union. We document significant excess kurtosis in the cross-section distribution of price changes in the euro area, and show that several categories of prices are more volatile than those typically excluded from traditional measures of core inflation. Contrary to what one might expect, traditional measures of core inflation are not significantly less volatile than headline measures.We document the superior performance of alternative measures of core inflation in tracking trend inflation on average, but show that none of the various measures of core gave significant advance warning of the pickup in trend inflation at the beginning of 1999.

Study on Optimum Product Portfolio of Coach Board for Metallurgical Enterprise Based on Four-Dimensional Analysis Method

2010 ◽  
Vol 148-149 ◽  
pp. 702-706
Author(s):  
Liang Han ◽  
Rong Du
Keyword(s):  
Growth Rate ◽  
Dimensional Analysis ◽  
Market Share ◽  
Matrix Method ◽  
Three Dimensional ◽  
Product Portfolio ◽  
Sales Growth ◽  
Analysis Method ◽  
Metallurgical Enterprise ◽  
Dimensional Analysis Method

The paper analyzes the application of traditional Boston matrix method and three dimensional analysis chart method on product portfolio of metallurgical enterprise, and raises a four dimensional analysis method by inheriting their advantages and improve disadvantages. It is more effectively and practically to establish optimum product portfolio of domestic metallurgical enterprise by the four dimensional analysis method and the four elements are market share, sales growth rate, profitability and sales efficiency. When metallurgical enterprises analyze the optimum product portfolio using four dimensional analysis method, they should take sales efficiency fully into account, adjust product portfolio timely and at last realize the optimum product portfolio.

Sign in / Sign up

Export Citation Format

Share Document