A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium.
Fertilizer use remains below recommended rates in most of Sub-Saharan Africa, contributing to low crop yields and poverty. Michelson et al. (2021) explore the role of fertilizer quality.
Firms use relational contracts to support repeated trade. Do these informal agreements evolve in response to market conditions? In a market for ice, firms reestablish relationships on new terms when a prior agreement breaks down.
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.
Alfonsi, Bandiera, Bassi, Burgess, Rasul, Sulaiman and Vitali (2020) design a labor market experiment to compare demand- and supply-side policies to tackle youth unemployment, a key issue in low-income countries.
