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We measure the impact of search costs on farmers' and traders' transaction prices in Mozambique by investigating to what extent the introduction of mobile phones has affected the margin between recorded maize producer and retail market prices, and by exploring if producers or traders benefit...
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The article presents the first theoretical and empirical estimation of the role of logistics in mitigating the effects of market information asymmetry in Poland. Following a review of international (Akerlof, Spencer, Stiglitz) and Polish literature (Gołembska, Gruszecki, Stradomski), a new...
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such a heuristic, and the conditions under which bad heuristics are sustainable. We also discuss this heuristic and the … beauty premium in the context of Becker's economic theory of discrimination, wherein rational decision-makers trade …
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