Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/119882 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
GlobalFood Discussion Papers No. 72
Verlag: 
Georg-August-Universität Göttingen, Research Training Group (RTG) 1666 - GlobalFood, Göttingen
Zusammenfassung: 
In this article, we study the impact of an institutional intervention on market efficiency in Ethiopia. More specifically, we study whether regional warehouses that are connected to a national commodity exchange reduce transaction cost and price dispersion between regions. In order to identify the causal effect we take advantage of the fact that the warehouses that are connected to the Ethiopian Commodity Exchange were sequentially rolled out. Using retail price data and information about warehouse operation from 2007-2012, we find that the average price spread between market pairs is reduced by 0.86-1.775 ETB when both markets have an operating warehouse. This is a substantial reduction considering that the average price spread over the full period is 3.33 ETB.
Schlagwörter: 
Coffee
Commodity Exchanges
Ethiopia
Price dispersion
Warehouses
JEL: 
D47
O10
Q11
Q13
Q18
Dokumentart: 
Working Paper

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