TRANSMISSION DES PRIX ET ASYMÉTRIE SUR LES MARCHÉS DE PRODUITS VIVRIERS AU BÉNIN

Rose Fiamohe () and Bruno HENRY de FRAHAN ()
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Rose Fiamohe: Africa Rice Center (AfricaRice), 01 BP 2031 Cotonou, Benin
Bruno HENRY de FRAHAN: Earth and Life Institute, Université catholique de Louvain, Place de la Croix du Sud 2, 1348 Louvain-la-Neuve, Belgique

Region et Developpement, 2012, vol. 36, 205-228

Abstract: This paper examines price transmission between the retail market of Cotonou and rural markets of several food products in Benin. The use of Enders and Granger asymmetric model on the monthly price series from 1990 to 2005 shows that most rural food markets are symmetrically integrated to the retail market. The speed of price adjustments on the rural markets is however greater than the speed of price adjustments on the retail market of Cotonou. Merchant associations that are more active in the rural markets could explain such results. By consolidating their supply and chartering together their shipments, merchant associations facilitate trade between markets despite high transaction costs resulting from distances between markets and low quality of the road network. Through agreements on buying and selling prices of food products, these merchant associations exercise some market power on these markets.

Keywords: PRICE TRANSMISSION; ASYMMETRY; FOOD MARKETS; MERCHANT ASSOCIATION; COTONOU; BENIN (search for similar items in EconPapers)
JEL-codes: C32 D43 O18 O55 Q13 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:tou:journl:v:36:y:2012:p:205-228

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