How Is the Liberalization of Food Markets Progressing? Market Integration and Transaction Costs in Subsistence Economies

How Is the Liberalization of Food Markets Progressing? Market Integration and Transaction Costs in Subsistence Economies

We propose a modification of Baulch's parity bounds model to measure the market integration of food markets in developing countries. Instead of extrapolating a single observation of transaction costs, we estimate transaction costs. Predicted transaction costs compare well with survey data of tr...

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Bibliographic Details
Main Author: Zant, Wouter
Format: Journal Article
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2014
Subjects:
competitive equilibrium
market integration
market liberalization
market prices
marketing
merchandise
price increases
price volatility
producer prices
purchasing
sale
services markets
spread
storage capacity
surplus
trade opportunities
turnover
wholesalers
wholesaling
world market
Online Access:http://hdl.handle.net/10986/19085

Internet

http://hdl.handle.net/10986/19085

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