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UID:calendar.129110.field_date.0@www.tse-fr.eu
DTSTAMP:20260312T070630Z
CREATED:20220719T141001Z
DESCRIPTION:Lauren Falcao Bergquist (Yale University)\, “Search Costs\, Int
 ermediation\, and Trade: Experimental Evidence from Ugandan Agricultural M
 arkets”\, Behavior\, Institutions\, and Development Seminar\, May 25\, 202
 3\, 11:00–12:30\, room Auditorium 4.\n\nSearch costs may be a barrier to m
 arket integration in developing countries\, harming both producers and con
 sumers. We present evidence from the large-scale experimental rollout of a
  mobile phone-based marketplace intended to reduce search costs for agricu
 ltural commodities in Uganda. We find that market integration improves sub
 stantially: trade increases and excess price dispersion falls by 20% betwe
 en treated markets. This reflects price convergence across relative surplu
 s and deficit markets\, with no change on average. Interpreting the experi
 mental variation through the lens of a model with fixed costs of search\, 
 we estimate that the marketplace caused a 5% reduction in total trade cost
 s between treated markets. Contrary to the stated goals of the marketplace
 \, but consistent with the existence of economies of scale in search or ot
 her trade costs\, almost all activity on the platform is among larger trad
 ers\, with very little use by smallholder farmers. Nevertheless\, the bene
 fits of improved arbitrage by traders appears to pass through to farmers i
 n the form of higher revenues in surplus markets\, as trader entry increas
 es and measured trader profits decrease in response to falling search cost
 s. (with Craig McIntosh and Meredith Startz)
DTSTART;TZID=Europe/Paris:20230525T120000
DTEND;TZID=Europe/Paris:20230525T133000
LAST-MODIFIED:20260113T095129Z
LOCATION:May 25\, 2023\, 11:00–12:30\, room Auditorium 4
SUMMARY:Behavior\, Institutions\, and Development Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2023-search-costs-intermediatio
 n-and-trade-experimental-evidence-ugandan-agricultural-markets
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