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Market participation is both a cause and a consequence of economic development. Markets offer households the opportunity to specialize according to comparative advantage and thereby enjoy welfare gains from trade. Recognition of the potential of markets as engines of economic development and...
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household-level marketing behavior. The first stage models the household's choice of whether to be a net buyer, autarkic, or a … household characteristics. Using household data from Kenyan and Ethiopian livestock markets, we find evidence in favor of …
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