The Falling Price of Cement in Africa Fabrizio Leone, Rocco Macchiavello, and Tristan Reed Abstract The average price of cement in Africa was the highest of any continent in 2011, but by 2017 had fallen by 35 percent, the largest decline in the world, according to data from the International Comparison Program. An empirical industry […]
BREAD Working Paper No. 508, April 2017
Competition in Agricultural Markets: An Experimental Approach Lorenzo Casaburi, Tristan Reed Abstract This paper presents an experimental approach to measure competition in agricultural markets, based on the random allocation of subsidies to competing traders. We compare prices of subsidized and unsubsidized crop traders to recover the key mar- ket structure parameter in a standard model […]