In this article, we study the impact of an institutional intervention on market efficiency in Ethiopia. More specifically, we study whether regional warehouses that are connected to a national commodity exchange reduce transaction cost and price dispersion between regions. In order to identify...

There is no consensus on what defines a reference for the world rice price. A review on rice as a differentiated commodity shed two important insights. First, it confirms that few studies have considered segmentation of rice in their price analysis. Second, Thai 5% brokens has often been...

This study aims to improve our understanding of the extent and speed of the transmission of international cereal prices to local markets in developing countries. We analyse two samples of price transmission (PT) estimates, one extracted from a comprehensive literature sample of 31 published...

In der Diskussion über die Fortführung der Gemeinsamen Agrarpolitik nach 2014 spielen die entkoppelten Direktzahlungen eine dominierende Rolle. Während sich die Debatte innerhalb der EU vor allem um die langfristige Begründung solcher Direktzahlungen dreht, steht aus Sicht der...

Global food demand will see a rapid increase over the coming decades. Existing studies on future calorie demand consider mainly population growth and rising incomes. We add to the literature by estimating the effect of increases in human weight caused by rising BMI and height on future calorie...

This study provides an alternative explanation for the unusual apparent decline in food consumption in rural China after 2000. We find that it is mainly attributable to significant measurement errors in the Chinese Rural Household Survey and the calculation of per capita food consumption. In a...

Millions of smallholder farmers in developing countries participate in different types of sustainability standards. A growing body of literature has analyzed the welfare effects of such participation, with mixed results. Yet, there are important knowledge gaps. First, most existing studies look...

Today’s global food production and consumption often stand in sharp contrast to the objectives of sustainable development. Sustainable food products, characterised by higher environmental or ethical standards than conventional equivalents, are therefore an essential mean of addressing this...

This study examines sustainable food consumption in China and India, based on online consumer survey data. It explores which factors influence sustainable food consumption in these countries, based upon a model related to the Theory of Planned Behaviour. Structural equation modelling is used for...

While there is rich literature covering theoretical concepts of transaction costs very few empirical strategies have been provided to estimate them. The theoretical framework proposed in this paper is based on a unit value decomposition and dedines transaction costs as the difference between a...