Faculty Profile

Hans-Martin Straume

Associate Professor - Campus Bergen

Publications

Oglend, Atle & Straume, Hans-Martin (2019)

Pricing efficiency across destination markets for Norwegian salmon exports

Aquaculture Economics & Management, 23(2), s. 188- 203. Doi: 10.1080/13657305.2018.1554722

This paper investigates how pricing efficiency of Norwegian salmon exports varies across destination market characteristics. Efficiency is defined as the rate at which individual transaction prices adjust to common market information, and is estimated by dynamic fixed effects panel models with parameters conditional on trade attributes using micro-level trade data. Our results show that contract type (Incoterms) used in transactions can be used to segment the Norwegian export markets into three types: (1) high-value trade to large distant markets, (2) medium-value trade to close high-income markets, and (3) lower-value large bulk trades to lower-income close markets. We find that pricing efficiency is lowest for committed trades over long distance using planes, and highest for less committed large bulk trades to close markets. Despite significant heterogeneity, the majority of salmon price variation (around ¾) is common, providing a clear justification for the representativeness of a salmon price index.

Asche, Frank; Gaasland, Ivar, Straume, Hans-Martin & Vårdal, Erling (2019)

Norwegian export of farmed salmon − trade costs and market concentration

Applied Economics Letters, s. 1- 6. Doi: 10.1080/13504851.2019.1610702

While variation in unit value most commonly has been associated with quality in the trade literature, observed differences in prices between markets might also be explained by variation in market concentration and the degree of competition. Using transaction data on Norwegian exports of salmon, we introduce a Herfindahl index as a measure of competition in a standard gravity model. We find that competition typically is weaker in small and distant markets that due to high trade costs are served by relatively few firms. We argue that the anti-competitive impact of trade costs may explain price differentiation between markets even for homogeneous products.

Cojocaru, Andreea-Laura; Asche, Frank, Pincinato, Ruth Beatriz & Straume, Hans-Martin (2019)

Where are the fish landed? An analysis of landing plants in Norway

Land Economics, 95(2), s. 246- 257. Doi: 10.3368/LE.95.2.246 - Full text in research archive

A vast literature in fisheries economics focuses on drivers of fishers’ behavior with limited attention given to what happens once the fish are landed. This often strongly contrasts with a main policy focus on coastal communities, with fisheries management as an additional instrument in supporting livelihoods. This study shows that the number of Norwegian landing plants has been reduced in recent decades, and that quantity landed, annual plant operation time, and attracting smaller vessels decrease the probability of exit. Interestingly, plants in communities with additional landing locations have lower probabilities of exit, pointing to an industry cluster effect

Asche, Frank; Cojocaru, Andreea-Laura, Gaasland, Ivar & Straume, Hans-Martin (2018)

Cod stories: Trade dynamics and duration for Norwegian cod exports

Journal of Commodity Markets Doi: 10.1016/j.jcomm.2017.12.002

In recent years, trade dynamics have been receiving increased attention, and the general literature indicates that commodities are different. In this paper, the duration of trade relationships for Norwegian export firms to various markets is investigated for six product forms of one commodity, cod. The results indicate that the duration of most trade relationships is very short, and shorter than what is normally reported in the literature. Still, the substantial variation in duration by product form and factors influencing it, indicates heterogeneous dynamics for each supply chain even for slight differences in the characteristics of a commodity. Moreover, the short duration of trade relationships in the supply chains for Norwegian cod indicates that they remain very traditional food supply chains, with few attempts at reducing transaction costs through vertical coordination or relationships.

Straume, Hans-Martin (2017)

Here today, gone tomorrow: The duration of Norwegian salmon exports

Aquaculture Economics & Management, 21(1), s. 88- 104. Doi: 10.1080/13657305.2017.1262477

Success in the export markets is not only about entry into markets, but also about survival and export growth. General empirical evidence suggests that high export growth is positively associated with the duration of trade relationships. For exporters of highly perishable goods such as fresh salmon, efficient trade relations are important to prevent loss of product quality as time from harvest to final consumption increases. This research analyzes the duration of trade relationships for Norwegian salmon exports. Using highly disaggregated data for the 1999–2009 period, the trade relations for exports of fresh-farmed salmon from Norway are remarkably short. At the firm-to-country level the mean duration is 4 years, Furthermore, the degree of dynamics increases as the data becomes more disaggregated. Market uncertainty in the form of transportation costs and export to countries in the EU are associated with a larger probability for failure. Factors that are associated with a reduced risk of exiting the market are the size of the initial shipment between the trading partners, continuing large shipments and the size of the exporting firm.

Straume, Hans-Martin (2014)

Currency invoicing in Norwegian salmon export

Marine Resource Economics, 29(4), s. 391- 409. Doi: 10.1086/678930 - Full text in research archive

Straume, Hans-Martin & Vårdal, Erling (2009)

Finanskrisens innvirkning på valutamarkedene

Samfunnsøkonomen, 63(4), s. 60- 68.

Straume, Hans-martin & Vårdal, Erling (2009)

Finanskrisens innvirkning på valutamarkedene

Samfunnsøkonomen, 69(4), s. 60- 68.

Januleviciute, Jurgita; Straume, Hans-Martin & Vårdal, Erling (2008)

Effekten av en nasjons valutavalg på utenrikshandelen

Norsk økonomisk tidsskrift, 122(2), s. 36- 50.

Straume, Hans-Martin; Vårdal, Erling & Asche, Frank (2018)

TRADE MARGINS FOR NORWEGIAN SEAFOOD EXPORTS

[Academic lecture]. Aquaculture 2018.

Straume, Hans-Martin; Asche, Frank & Vårdal, Erling (2017)

Perish or prosper: Trade patterns for highly perishable products

[Academic lecture]. EAAE 2017.

Straume, Hans-Martin (2016)

Trade costs and Norwegian salmon export

[Academic lecture]. Forskermøtet 2016.

Straume, Hans-Martin (2016)

Trade duration for seafood

[Academic lecture]. Aquaculture 2016.

Straume, Hans-Martin (2015)

The performance of large versus specialized firms: A study of firms importing apples into Norway.

[Academic lecture]. The 30th Annual Congress of the European Economic Association.

Straume, Hans-Martin (2015)

Duration and Temporary Trade

[Academic lecture]. EAFE15.

Academic Degrees
Year Academic Department Degree
2015 University of Bergen PhD
2005 University of Bergen Master Cand. Oecon
Work Experience
Year Employer Job Title
2015 - Present BI Norwegian Business School Associate Professor
2005 - 2015 BI Norwegian Business School Lecturer
2010 - 2014 University of Bergen/ BI PhD candidate
2005 - 2009 Bergen University College Lecturer