BEHAVIOUR OF SMALL HOLDER CASSAVA FARMERS IN RESPONSE TO TRANSACTION COSTS OF MARKET PARTICIPATION IN CENTRAL MADAGASCAR

2017 ◽  
pp. 1
Author(s):  
Benjamin Okoye
Keyword(s):  
Transaction Costs ◽  
Market Participation ◽  
Small Holder

The impact of seed market access and transaction costs on potato biodiversity and yields in Bolivia

2012 ◽  
Vol 17 (5) ◽  
pp. 633-661 ◽  
Author(s):  
Lina Salazar ◽  
Paul Winters
Keyword(s):  
Transaction Costs ◽  
Market Access ◽  
Market Participation ◽  
Market Choice ◽  
Crucial Effect ◽  
Negative Effect ◽  
Seed Market ◽  
Using Data ◽  
The Impact

AbstractUsing data from Bolivia, this paper analyzes seed market participation and how transaction costs in these markets influence intracrop biodiversity and the influence of biodiversity on yields. Results indicate that seed market attributes such as distance and market-level biodiversity have a crucial effect on a farmer's market choice, suggesting that farmers are willing to sacrifice time and income to travel further distances in order to reach markets with a broader range of varieties. This study finds that farmers from this sample who have access to seed markets are more likely to have higher levels of intracrop biodiversity. In addition, for market-integrated farmers, intracrop biodiversity does not seem to have a negative effect on yields, which suggests that improved market access does not threaten biodiversity in contexts with similar characteristics to the study site.

scholarly journals Stock Market Participation and the Internet

2008 ◽  
Vol 43 (1) ◽  
pp. 191-211 ◽  
Author(s):  
Vicki Bogan
Keyword(s):  
Panel Data ◽  
Stock Market ◽  
Transaction Costs ◽  
Household Income ◽  
The Internet ◽  
Fundamental Change ◽  
Participation Rates ◽  
Market Participation ◽  
The Past ◽  
Stock Market Participation

AbstractTheory indicates that frictions (e. g., information and transaction costs) could account for the lower than expected stock market participation rates. This paper examines the hypothesis that there has been a fundamental change in participation and links this change to the reduction of these frictions by the advent of the Internet. Using panel data on household participation rates over the past decade, the results show computer/Internet using households raised participation substantially more than non-computer using households. The increased probability of participation was equivalent to having over $27,000 in additional household income or over two more mean years of education.

scholarly journals Transaction Costs and Farm-to-Market Linkages in China: Empirical Evidence from Apple Producers

2020 ◽  
Vol 12 (9) ◽  
pp. 82
Author(s):  
Yu Wang ◽  
Lu Han ◽  
Kunda Qi ◽  
Jianyun Hou
Keyword(s):  
Information System ◽  
Transaction Costs ◽  
Empirical Evidence ◽  
Market Integration ◽  
Market Participation ◽  
Proportional Transaction Costs ◽  
Market Linkages ◽  
Monitoring Costs ◽  
Apple Production ◽  
The Impact

Using field surgveyed data from two apple production belts in China, this study estimates the impact of transaction costs on smallholders’ market participation and integration. The analysis is based on an innovative measurement of the transaction costs and a disaggregated analysis of sales, information, negotiation, and monitoring costs. The results reveal that farmers’ market participation levels are mainly determined by the proportional transaction costs and price, while their market integration depends on the fixed transaction costs and price. This suggests that, to lower the transaction costs and enable specialization and market participation, it is necessary to invest in and construct adequate farming infrastructure, update the rural information system, improve the structure of farmer households, and subsidize specialized rural cooperative organizations.

Transaction costs and participation in avocado export marketing in Murang’a County, Kenya

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kelvin Njuguna Karing'u ◽  
Hezron Nyarindo Isaboke ◽  
Samuel Njiri Ndirangu
Keyword(s):  
Transaction Costs ◽  
Value Chain ◽  
Information Search ◽  
Search Costs ◽  
Export Market ◽  
Market Participation ◽  
Content Type ◽  
Export Marketing ◽  
Transactional Costs ◽  
Harvesting Costs

PurposeThe purpose of this paper is to investigate the role of transactional costs on smallholder avocado farmers’ participation in the export market and the extent of participation in Murang’a County, Kenya.Design/methodology/approachData was collected from 384 avocado farmers in Murang’a County, following stratified sampling. The Heckman two-stage model was used for analysis.FindingsResults showed that the cost of information search was an important variable that impedes smallholders’ participation in export marketing while harvesting costs inhibits the extent of participation in export marketing.Research limitations/implicationsThis study used data at the farm level. Therefore, insights on transaction costs among other marketing agents in the export market value chain would be an issue for future studies.Originality/valueFollowing the debate on transaction costs and market participation among farmers in Sub-Sahara Africa, this paper models transactional costs and export market participation among avocado smallholders and measures the extent of participation with the inclusion of harvesting costs, negotiation costs, monitoring costs and information search costs that are not common in previous studies, thus contributing to the development of literature.

scholarly journals Effect of transaction costs on market participation among smallholder cassava farmers in Central Madagascar

2016 ◽  
Vol 4 (1) ◽  
pp. 1143597 ◽  
Author(s):  
B.C. Okoye ◽  
A. Abass ◽  
B. Bachwenkizi ◽  
G. Asumugha ◽  
B. Alenkhe ◽  
...  
Keyword(s):  
Transaction Costs ◽  
Market Participation

From transaction costs to transaction value: Overcoming the frictional paradigm

2020 ◽  
pp. 51-81
Author(s):  
D. P. Frolov
Keyword(s):  
Transaction Costs ◽  
Transaction Cost ◽  
Path Dependence ◽  
Transaction Cost Economics ◽  
Cost Minimization ◽  
Low Cost ◽  
Coase Theorem ◽  
Transactional Analysis ◽  
Transaction Sector ◽  
Transaction Value

The transaction cost economics has accumulated a mass of dogmatic concepts and assertions that have acquired high stability under the influence of path dependence. These include the dogma about transaction costs as frictions, the dogma about the unproductiveness of transactions as a generator of losses, “Stigler—Coase” theorem and the logic of transaction cost minimization, and also the dogma about the priority of institutions providing low-cost transactions. The listed dogmas underlie the prevailing tradition of transactional analysis the frictional paradigm — which, in turn, is the foundation of neo-institutional theory. Therefore, the community of new institutionalists implicitly blocks attempts of a serious revision of this dogmatics. The purpose of the article is to substantiate a post-institutional (alternative to the dominant neo-institutional discourse) value-oriented perspective for the development of transactional studies based on rethinking and combining forgotten theoretical alternatives. Those are Commons’s theory of transactions, Wallis—North’s theory of transaction sector, theory of transaction benefits (T. Sandler, N. Komesar, T. Eggertsson) and Zajac—Olsen’s theory of transaction value. The article provides arguments and examples in favor of broader explanatory possibilities of value-oriented transactional analysis.

Non-Public Monetary Systems in information Economy

2013 ◽  
pp. 151-159
Author(s):  
O. Krasilnikov ◽  
E. Krasilnikova
Keyword(s):  
Transaction Costs ◽  
Information Economy ◽  
Internet Technologies ◽  
Monetary Systems ◽  
Public Money ◽  
Economic Institution

The article discusses the development of non-public monetary systems (NPMS), defined as a specific economic institution. It presents their comparison with public money systems depending on the size of transaction costs. The authors come to the conclusion that in conditions of the information economy on the basis of Internet-technologies NPMS receive a new impetus to their development and can make serious competition in regard to public monetary systems.

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