Kenya

Despite numerous journalistic accounts, systematic quantitative evidence on economic conditions during the ongoing COVID-19 pandemic remains scarce for most low- and middle-income countries, partly due to limitations of official economic statistics in environments wit

A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium.

African agricultural markets are characterized by low farmer revenues and high consumer food prices. Many have worried that this wedge is partially driven by imperfect competition among intermediaries.

Kelley, Lane and Schönholzer (2020) develop a relational contracting model to study the role of monitoring in firms and evaluate the model experimentally in the field.

This research note describes experimental evidence from Kenya on intermediary market structure. We find that traders act consistently with joint profit maximization.