Markets

This project examines how the political power of market associations and local government effectiveness affect contractual trade and extortion in Lagos.

A detailed survey of the Indian brick industry, collected for this study, shows substantial productivity dispersion, attributable to both technology differences and efficiency variation within each technology.

This dissertation empirically examines economic exchange in the absence of the state.

Using survey data on micro and small enterprises in Uganda, this study investigates the phenomenon of ‘adverse selection’ in credit markets – i.e.

Using data collected from a sample of small firms in urban Zambia, this project investigates the existence of switching costs among Micro, Small and Medium Enterprises (MSMEs) when borrowing from commercial banks, and finds no evidence of MSMEs getting ‘locked in’ by their main bank.

This research note by Mamello Nchake and Lawrence Edwards (both University of Cape Town) summarizes the authors' stylised findings on price-setting behaviour among retail outlets in Lesotho using disaggregated product price data.