Of markets and middlemen

Preprint OPEN
Gabre-Madhin, Eleni Z.; (1999)
  • Subject: trade ,

Using survey data on traders and brokers in the Ethiopian foodgrain market, this paper reveals that the brokerage institution is critical to market performance in that it enables traders to circumvent the commitment problem of long-distance trade with unknown partners. ... View more
  • References (3)

    Dercon, Stefan (1995).“On Market Integration and Liberalisation: Method and Application to Ethiopia,” Journal of Development Studies, Vol. 32, No.1, October: 112-143.

    Hill, Polly (1966). “Landlords and Brokers: A West African Trading System,” Cahiers d'Etudes Africaines, VI: 349-366.

    Platteau, Jean-Philippe (1994b). “Behind the Market Stage Where Real Societies Exist: Part II - The Role of Moral Norms,” Journal of Development Studies, Vol. 30, No. 4, July: 753-815.

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