Transaction costs and market institutions: grain brokers in Ethiopia
This paper examines the effect of transaction costs of search on the institution of grain brokers in Ethiopia. Primary data are used to derive traders’ shadow opportunity costs of labor and of capital from IV estimation of net profits. A two-step Tobit model is used in which traders first choose whe...
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| Format: | Artículo preliminar |
| Language: | Inglés |
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International Food Policy Research Institute
1999
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| Online Access: | https://hdl.handle.net/10568/161364 |
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