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discussion paper

Increasing returns and market efficiency in agricultural trade

Using detailed trader surveys in Benin, Madagascar, and Malawi, this paper investigates the presence of increasing returns in agricultural trade. After analyzing margins, costs, and value added, we find little evidence of returns to scale.

discussion paper

Transaction costs and agricultural productivity

This paper examines the mechanisms that transmit isolation into poverty in Madagascar using household survey data combined with a census of administrative communes.

discussion paper

Property rights in a flea market economy

This paper studies liberalized grain markets in Madagascar and examines how property rights are protected and contracts are enforced among agricultural traders.

discussion paper

Infrastructure, market access, and agricultural prices

The effect of recent agricultural market reforms in many developing countries is often measured through tests for market integration by analyzing co-variation of food prices.

discussion paper

Relationships and traders in Madagascar

This paper documents the role that personal relationships play in economic exchange.