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The Theory of Contested Markets and the Degree of Tradedness of Agricultural Commodities: an Empirical Test in Zaire

The Theory of Contested Markets and the Degree of Tradedness of Agricultural Commodities: an... AbstractThe theory of contestable markets is used to derive predictions of the extent to which agricultural commodities behave as traded or nontraded goods. These predictions are confirmed with Zairian data which show that there is wide variation in the respoonse of domestic commodity prices to real exchange rate changes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of African Economies Oxford University Press

The Theory of Contested Markets and the Degree of Tradedness of Agricultural Commodities: an Empirical Test in Zaire

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References (1)

Publisher
Oxford University Press
Copyright
© Centre for the Study of African Economies
ISSN
0963-8024
eISSN
1464-3723
DOI
10.1093/oxfordjournals.jae.a036802
Publisher site
See Article on Publisher Site

Abstract

AbstractThe theory of contestable markets is used to derive predictions of the extent to which agricultural commodities behave as traded or nontraded goods. These predictions are confirmed with Zairian data which show that there is wide variation in the respoonse of domestic commodity prices to real exchange rate changes.

Journal

Journal of African Economies – Oxford University Press

Published: Apr 1, 1994

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