Piggyback exporting, intermediation, and the distribution of the gains from trade in agricultural markets
How much of the world price of export crops trickles down to small farmers, who sell through agribusinesses and traders with market power?
Recent empirical research on sub-Saharan African agricultural markets paints a cautiously optimistic picture of supply chain performance
Low competition undermines consumer welfare. Collusive agreements are flexible enough to deflect the effect of a small number of new traders.