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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| Language: | en_US |
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Oxford University Press on behalf of the World Bank
2014
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| Online Access: | http://hdl.handle.net/10986/19085 |