Market Institutions Transaction Costs and Social Capital in the Ethiopian Grain Market is popular PDF and ePub book, written by Eleni Zaude Gabre-Madhin in 2001-01-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Market Institutions Transaction Costs and Social Capital in the Ethiopian Grain Market can be Read Online from any device for your convenience.
Market Institutions Transaction Costs and Social Capital in the Ethiopian Grain Market Book PDF Summary
This report addresses the overarching question regarding the role of institutions in enhancing market development following market reforms. It uses the New Institutional Economics framework to empirically analyze the role of a specific market institution, that of brokers acting as intermediaries to match traders in the Ethiopian grain market in reducing the transaction costs of search faced by traders. Brokers play a key role in facilitating exchange in a weak marketing environment where limited public market information, the lack of grain standardization, oral contracts, and weak legal enforcement of contracts increase the risk of contract failure. Relying on primary data, it analyzes traders' microeconomic behavior, social capital, the nature and extent of their transaction costs, and the norms and rules governing the relationship between brokers and traders.The study uses an innovative approach to quantify the costs of search and demonstrates that the brokerage institution is economically efficient both for individual traders and for global economic welfare.
Detail Book of Market Institutions Transaction Costs and Social Capital in the Ethiopian Grain Market PDF
- Author : Eleni Zaude Gabre-Madhin
- Release : 01 January 2001
- Publisher : Intl Food Policy Res Inst
- ISBN : 9780896291263
- Genre : Business & Economics
- Total Page : 116 pages
- Language : English
- PDF File Size : 21,7 Mb
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