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| Main Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C]
World Bank
2008
|
| Series: | Policy research working paper
4727 |
| Subjects: | |
| Links: | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4727 |
| Item Description: | Includes bibliographical references. - Title from PDF file as viewed on 5/18/2009 Erscheinungsjahr in Vorlageform:[2008] |
| Physical Description: | 1 Online-Ressource (32 Seiten) |
Staff View
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| 245 | 1 | 0 | |a The relevance of a rules-based maize marketing policy |b an experimental case study of Zambia |c Klaus Abbink, Thomas S. Jayne, Lars C. Moller |
| 264 | 1 | |a [Washington, D.C] |b World Bank |c 2008 | |
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| 490 | 0 | |a Policy research working paper |v 4727 | |
| 500 | |a Includes bibliographical references. - Title from PDF file as viewed on 5/18/2009 | ||
| 500 | |a Erscheinungsjahr in Vorlageform:[2008] | ||
| 520 | 1 | |a "Strategic interaction between public and private actors is increasingly recognized as an important determinant of agricultural market performance in Africa and elsewhere. Trust and consultation tend to positively affect private activity while uncertainty of government behavior impedes it. This paper reports on a laboratory experiment based on a stylized model of the Zambian maize market. The experiment facilitates a comparison between discretionary interventionism and a rules-based policy in which the government pre-commits itself to a future course of action. A simple precommitment rule can, in theory, overcome the prevailing strategic dilemma by encouraging private sector participation. Although this result is also borne out in the economic experiment, the improvement in private sector activity is surprisingly small and not statistically significant due to irrationally cautious choices by experimental governments. Encouragingly, a rules-based policy promotes a much more stable market outcome, thereby substantially reducing the risk of severe food shortages. These results underscore the importance of predictable and transparent rules for the state's involvement in agricultural markets. "--World Bank web site | |
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| author | Abbink, Klaus 1968- Moller, Lars Jayne, Thomas S. |
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| id | DE-604.BV040619331 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-25T17:00:19Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (32 Seiten) |
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| publishDate | 2008 |
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| publisher | World Bank |
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| series2 | Policy research working paper |
| spellingShingle | Abbink, Klaus 1968- Moller, Lars Jayne, Thomas S. The relevance of a rules-based maize marketing policy an experimental case study of Zambia |
| title | The relevance of a rules-based maize marketing policy an experimental case study of Zambia |
| title_auth | The relevance of a rules-based maize marketing policy an experimental case study of Zambia |
| title_exact_search | The relevance of a rules-based maize marketing policy an experimental case study of Zambia |
| title_full | The relevance of a rules-based maize marketing policy an experimental case study of Zambia Klaus Abbink, Thomas S. Jayne, Lars C. Moller |
| title_fullStr | The relevance of a rules-based maize marketing policy an experimental case study of Zambia Klaus Abbink, Thomas S. Jayne, Lars C. Moller |
| title_full_unstemmed | The relevance of a rules-based maize marketing policy an experimental case study of Zambia Klaus Abbink, Thomas S. Jayne, Lars C. Moller |
| title_short | The relevance of a rules-based maize marketing policy |
| title_sort | the relevance of a rules based maize marketing policy an experimental case study of zambia |
| title_sub | an experimental case study of Zambia |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4727 |
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