Asymmetry in Wholesale-Retail Food Price Transmission in an African Metropolitan Area: The Case of Kinshasa (Zaire)

Bart Minten () and Steven C. Kyle

No 121306, Staff Papers from Cornell University, Department of Applied Economics and Management

Abstract: This study presents a new explanation of asymmetric price behavior infood markets based on the presence of transactions costs,and provides evidence from a developing country. Price liberalization can in many cases be insufficient for efficien toperation of African food markets. This is mainly due to the existence of significant transactions costs, caused by deficient infrastructure and information systems. A model based on search costs and kinked demand curves is used to explain asymmetric price behavior in retail markets in Kinshasa (Zaire).

Keywords: Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Pages: 28
Date: 1995-09
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/121306/files/Cornell%20SP%2095-09.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:cudasp:121306

DOI: 10.22004/ag.econ.121306

Access Statistics for this paper

More papers in Staff Papers from Cornell University, Department of Applied Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().