The brokerage institution and the development of agricultural markets: New evidence from Ethiopia
Recognition that policies aimed at ‘getting prices right’ in less-developed countries have not been successful due to incomplete markets has spurred a new wave of reforms aimed instead at ‘getting markets and institutions right’. Previous studies of this policy shift have documented the potentially...
| Main Authors: | , , |
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| Format: | Artículo preliminar |
| Language: | Inglés |
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International Food Policy Research Institute
2012
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/153843 |
| _version_ | 1855528803606986752 |
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| author | Quattri, Maria Ozanne, Adam Beyene, Seneshaw Tamru |
| author_browse | Beyene, Seneshaw Tamru Ozanne, Adam Quattri, Maria |
| author_facet | Quattri, Maria Ozanne, Adam Beyene, Seneshaw Tamru |
| author_sort | Quattri, Maria |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Recognition that policies aimed at ‘getting prices right’ in less-developed countries have not been successful due to incomplete markets has spurred a new wave of reforms aimed instead at ‘getting markets and institutions right’. Previous studies of this policy shift have documented the potentially crucial role played by the brokerage institution in crop commercialization. However, few have investigated the factors that influence wholesalers’ decisions regarding their use of brokers. Results from a primary survey with traders show that brokerage services are particularly valuable for wholesalers who lack social capital and storage capacity, who are based in areas with low population density, and who trade at a distance, especially when roads are not asphalt. Buyers in drought-prone domains rely on brokers more for their long-distance purchases, while sellers in moisture-reliable domains employ brokers more for their long-distance sales. These results provide useful indications regarding where and how the recent formalization of brokerage functions through the Ethiopian Commodity Exchange (ECX) could be most beneficial for the functioning of Ethiopian agricultural markets. |
| format | Artículo preliminar |
| id | CGSpace153843 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2012 |
| publishDateRange | 2012 |
| publishDateSort | 2012 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1538432025-11-06T06:35:24Z The brokerage institution and the development of agricultural markets: New evidence from Ethiopia Quattri, Maria Ozanne, Adam Beyene, Seneshaw Tamru markets agriculture crops commercialization commodity markets Recognition that policies aimed at ‘getting prices right’ in less-developed countries have not been successful due to incomplete markets has spurred a new wave of reforms aimed instead at ‘getting markets and institutions right’. Previous studies of this policy shift have documented the potentially crucial role played by the brokerage institution in crop commercialization. However, few have investigated the factors that influence wholesalers’ decisions regarding their use of brokers. Results from a primary survey with traders show that brokerage services are particularly valuable for wholesalers who lack social capital and storage capacity, who are based in areas with low population density, and who trade at a distance, especially when roads are not asphalt. Buyers in drought-prone domains rely on brokers more for their long-distance purchases, while sellers in moisture-reliable domains employ brokers more for their long-distance sales. These results provide useful indications regarding where and how the recent formalization of brokerage functions through the Ethiopian Commodity Exchange (ECX) could be most beneficial for the functioning of Ethiopian agricultural markets. 2012 2024-10-01T13:57:57Z 2024-10-01T13:57:57Z Working Paper https://hdl.handle.net/10568/153843 en Open Access application/pdf International Food Policy Research Institute Ethiopian Development Research Institute Quattri, Maria; Ozanne, Adam; Beyene, Seneshaw Tamru 2012. The brokerage institution and the development of agricultural markets: New evidence from Ethiopia. https://hdl.handle.net/10568/153843 |
| spellingShingle | markets agriculture crops commercialization commodity markets Quattri, Maria Ozanne, Adam Beyene, Seneshaw Tamru The brokerage institution and the development of agricultural markets: New evidence from Ethiopia |
| title | The brokerage institution and the development of agricultural markets: New evidence from Ethiopia |
| title_full | The brokerage institution and the development of agricultural markets: New evidence from Ethiopia |
| title_fullStr | The brokerage institution and the development of agricultural markets: New evidence from Ethiopia |
| title_full_unstemmed | The brokerage institution and the development of agricultural markets: New evidence from Ethiopia |
| title_short | The brokerage institution and the development of agricultural markets: New evidence from Ethiopia |
| title_sort | brokerage institution and the development of agricultural markets new evidence from ethiopia |
| topic | markets agriculture crops commercialization commodity markets |
| url | https://hdl.handle.net/10568/153843 |
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