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BEGIN:VEVENT
DTSTAMP:20260506T135644Z
DTSTART;VALUE=DATE-TIME:20220308T141500
DTEND;VALUE=DATE-TIME:20220308T153000
SUMMARY:Applied Economics\, Econometrics & Public Policy (CAGE) Seminar -
  Craig McIntosh (UCSD)
TZID:Europe/London
UID:20220308-8a1785d87cdb4dd0017ce1074ab72c7b@warwick.ac.uk
CREATED:20220222T090637Z
DESCRIPTION:Search Costs\, Intermediation\, and Trade: Experimental Evide
 nce from Ugandan Agricultural Markets with Lauren Bergquist and Meredith
  Startz. Abstract: Search costs may be a barrier to market integration i
 n developing countries\, harming both producers and consumers. We presen
 t evidence from the large-scale experimental rollout of a mobile phone-b
 ased marketplace intended to reduce search costs for agricultural commod
 ities in Uganda. We find that market integration improves substantially:
  trade increases and excess price dispersion falls by 20% between treate
 d markets. This reflects price convergence across relative surplus and d
 eficit markets\, with no change on average. Interpreting the experimenta
 l variation through the lens of a model with fixed costs of search\, we 
 estimate that the marketplace caused a 5% reduction in total trade costs
  between treated markets. Contrary to the stated goals of the marketplac
 e\, but consistent with the existence of economies of scale in search or
  other trade costs\, almost all activity on the platform is among larger
  traders\, with very little use by smallholder farmers. Nevertheless\, t
 he benefits of improved arbitrage by traders appears to pass through to 
 farmers in the form of higher revenues in surplus markets\, as trader en
 try increases and measured trader profits decrease in response to fallin
 g search costs.
LOCATION:S2.79
CATEGORIES:Applied & Development Economics Seminar
LAST-MODIFIED:20220222T090637Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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