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How does Market Access affect Smallholder Behavior? The Case of Tobacco Marketing in Malawi

Zant, Wouter - 2012

reduction in transaction costs and improved market access on yield and underlying smallholder's decisions on production and area …

Persistent link: https://www.econbiz.de/10010326236

How does Market Access for Smallholders affect Export Supply? The Case of Tobacco Marketing in Malawi

Zant, Wouter - 2016

Transaction costs play a key role in the behaviour of smallholders in developing countries. We investigate smallholder tobacco cultivation in Malawi, Malawi’s major export crop, and exploit the introduction of an additional tobacco auction floor to measure the impact of a reduction in...

Persistent link: https://www.econbiz.de/10011526131

Trains, Trade and Transaction Costs: How does Domestic Trade by Rail affect Market Prices of Malawi Agricultural Commodities?

Zant, Wouter - 2015

2003, due to the destruction of a railway bridge at Rivirivi, Balaka. Market pairs connected by rail when the railway line … was operational, are intervention observations. Estimations are based on monthly market prices of four agricultural …

Persistent link: https://www.econbiz.de/10011288402

Halal Certification for Financial Products: A Transaction Cost Perspective

Hayat, Raphie; den Butter, Frank A.G.; Kock, Udo - 2011

time (20 days ) and money (USD 122,000) to obtain a halal certification. Mainly, this is because the market is very … concentrated and forms a closed circuit. About 20 Sharia scholars control more than half the market, of which the top 3 earn an … estimated USD 4.5 mln in fees per year. Moreover this market seems plagued by a number of problems, most notably a strong …

Persistent link: https://www.econbiz.de/10010326346

Greasing the Wheels of Trade

van Dalen, Hendrik P.; van Vuuren, Aico P. - 2003

How much does a nation spend on resources to 'grease the wheels of trade'? To examine this question the Dutch economy is used as an exemplary case as the Netherlands are known as a nation of traders. This image was derived in the seventeenth century from successes in long distance trade,...

Persistent link: https://www.econbiz.de/10010324796

Trade, Trust and Transaction Cost

den Butter, Frank A.G.; Mosch, Robert H.J. - 2003

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of this paper shows that more trust leads to more trade...

Persistent link: https://www.econbiz.de/10010324925

Transaction Management: Value Creation by Reducing Transaction Costs

den Butter, Frank A.G. - 2010

In this era of globalization we see an increase in specialization: the production chain issplit up in more and more parts and the production of these parts is outsourced to thoseplaces in the world where production is relatively cheapest and most efficient. Itimplies that transaction costs,...

Persistent link: https://www.econbiz.de/10010325952

The Institutional Economics of Stakeholder Consultation; Reducing Implementations Costs through 'Matching Zones'

den Butter, Frank A.G.; ten Wolde, Sjoerd - 2011

This paper discusses various ways to organise these consultations, so that a compromise agreement is reached on the solution of the (re)distribution problem. These institutionalised structures of consultation are referred to as 'matching zones' here. Practical experiences, mainly from the...

Persistent link: https://www.econbiz.de/10010326143

Mean Square Error and Limit Theorem for the Modi fied Leland Hedging Strategy with a Constant Transaction Costs Coefficient

Lépinette-Denis, Emmanuel; Darses, Sébastien - Université Paris-Dauphine (Paris IX) - 2014

We study the Leland model for hedging portfolios in the presence of a constant proportional transaction costs coefficient. The modi fied Leland's strategy defi ned in [2], contrarily to the classical one, ensures the asymptotic replication of a large class of payoff . In this setting, we prove a...

Persistent link: https://www.econbiz.de/10010729320

APPROXIMATE HEDGING IN A LOCAL VOLATILITY MODEL WITH PROPORTIONAL TRANSACTION COSTS

Quoc, Tuan Tran; Lépinette-Denis, Emmanuel - Université Paris-Dauphine (Paris IX) - 2014

Local volatility models are popular because they can be simply calibrated to the market of European options. We extend … replicate a European contingent claim when the market is under proportional transaction costs. …

Persistent link: https://www.econbiz.de/10010799310