期刊
JOURNAL OF DEVELOPMENT ECONOMICS
卷 71, 期 2, 页码 417-433出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/S0304-3878(03)00035-X
关键词
vertical price leadership; marketing channels; cointegration; common stochastic trend; Benin
类别
This paper considers vertical price relationships between wholesalers and retailers on five local maize markets in Benin. We show that the common stochastic trend and the long-run disequilibrium error must explicitly be considered to correctly interpret the restrictions on the error-correction structure in terms of economic power in the channel. Interesting differences between markets are found. In the two major towns, retailers play a more prominent role in the price formation process than generally assumed in the literature on development economics. In the two larger rural centers, however, wholesalers involved in arbitrage among urban markets do influence price formation. (C) 2003 Elsevier Science B.V. All rights reserved.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据