Bargaining over real prices with microenterprise owners in Ghana, we show that sellers with less per capita household liquidity agree to lower sale prices.
This paper documents the evolution of markups and concentration, detects causality between firm churning and markups/concentration, and determines the impact of fixed costs on markups.
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.
Bargaining over purchase prices with microenterprise owners in Ghana, Hardy et al. (2020) show that poorer sellers agree to significantly lower prices than wealthier peers.
This research note describes experimental evidence from Kenya on intermediary market structure. We find that traders act consistently with joint profit maximization.