Wijnands, Jo H.M.; van der Lans, Karin; Hobbs, Jill E. - European Association of Agricultural Economists - EAAE - 2006
Two thirds of Kenyan cut flowers are marketed through Dutch flower auctions, while the remainder is marketed directly to retailers. Auctions do not restrict the volumes marketed; however price determination is based on a spot market. A Transaction Cost approach is used to investigate the...