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"This paper explores how the elimination of Madagascar's Marketing Board in 1995 affected prices paid to farmers …, incentives, and regional indicators of poverty and inequality. After steadily losing market share, Madagascar has been able to … spectacularly narrowed down, but this effect is dwarfed by that of world-price volatility. A counterfactual analysis based on a …
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This paper explores how the elimination of Madagascar's Marketing Board in 1995 affected prices paid to farmers …, incentives, and regional indicators of poverty and inequality. After steadily losing market share, Madagascar has been able to … spectacularly narrowed down, but this effect is dwarfed by that of world-price volatility. A counterfactual analysis based on a …
Persistent link: https://www.econbiz.de/10012748003
This paper explores how the elimination of Madagascar's Vanilla Marketing Board (VMB) in 1993 affected prices paid to … intermediaries has contributed to raise purchase prices and the cash income of vanilla farmers. After taking into account the … reduction in Madagascar's monopoly power on the world vanilla market implied by the elimination of the VMB, the induced rise in …
Persistent link: https://www.econbiz.de/10013152582
The idea of this paper is to present how Vanilla Market Models, i.e. Models where we directly diffuse the vanillas, can be used in practice. We provide some already known formulae to guarantee that there are neither dynamic nor static arbitrage, extend these results and present them in a...
Persistent link: https://www.econbiz.de/10013033256
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Assuming deterministic demand Liski and Montero (2006) show that forward trading is able to facilitate collusion. We present a more concise model incorporating the main reason for forward trading: Uncertainty. In general, fluctuations make collusion harder to sustain (Rotemberg and Saloner,...
Persistent link: https://www.econbiz.de/10009665009