This research note describes experimental evidence from Kenya on intermediary market structure. We find that traders act consistently with joint profit maximization. Exogenously-induced firm entry has negligible effects on prices, and low take-up of subsidized entry offers implies large fixed costs. We estimate that traders capture 81% of total surplus.
In a move to promote more sustainable technologies in the construction sector, in 2019 the Government of Bangladesh introduced a shift from fired clay bricks to blocks in public construction.
This project has two basic objectives. First, we analyse the stylised facts that characterise price setting behaviour in the Economic Community of West African States (ECOWAS).
In developing countries, access to opportunities within the private sector are often unequally distributed. Advantages accrue to those with connections to the state or to those with privileged social status.
This project has two basic objectives. First, we analyse the stylised facts that characterise price setting behaviour in the Economic Community of West African States (ECOWAS).
How do consumers’ information frictions affect firms’ choice of location within a city? This paper combines an original data collection and a quantitative equilibrium model of consumer search and firm location to answer this question.
This study examines the extent of market integration within the West African sub-region using the theory of “law of one price”. The dataset covers three countries: Nigeria, Benin and Togo accounting for about three quarters of the sub-region economy.
