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Tschirley, David L.; Hichaambwa, Munguzwe. |
Brokers are agents who arrange sales without taking ownership of the commodity, earning their money on a commission. Brokers are a common but often controversial presence in wholesale markets of East and Southern Africa. Efficient brokering can be beneficial by matching buyers and sellers more effectively than if each had to search independently for someone to transact with. Yet buyers and sellers can be harmed if brokers are able to behave in uncompetitive, collusive, or unethical ways. In Soweto market of Lusaka, common complaints lodged by sellers are that brokers force sellers to use them by threatening the security of the sellers’ produce, and that the brokers add “hidden” commissions when selling a farmer or trader’s produce. This policy brief... |
Tipo: Report |
Palavras-chave: Zambia; Brokers; Marketing; Produce; Community/Rural/Urban Development; Food Security and Poverty; Marketing. |
Ano: 2010 |
URL: http://purl.umn.edu/93007 |
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Minten, Bart; Vandeplas, Anneleen; Swinnen, Johan F.M.. |
Relying on data from a unique survey, we study the wholesale market activities of agricultural brokers in India. Three main findings emerge. First, most transactions on these wholesale markets are small cash-and-carry transactions with physical handling, quality and quantity assessment, and financial settlements all combined in a single transaction. Second, marketing regulations are ineffective as most brokers charge rates that significantly exceed the prescribed ones. Third, a majority of farmers self-select in long-term relationships with brokers, most often based on their perceived market performance. These relationships allow some of the farmers to interlink credit and insurance markets to the agricultural output market. We find that this inter-linkage... |
Tipo: Conference Paper or Presentation |
Palavras-chave: India; Agricultural marketing; Brokers; Agricultural and Food Policy; Marketing; Q12; Q13; L15. |
Ano: 2009 |
URL: http://purl.umn.edu/51730 |
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Albuquerque, Paula C.. |
The electronic brokers compete with the traditional brokers. The electronic brokers offer lower costs, increased speed and a better guarantee of transparency and of anonymity. The only real advantage of the traditional brokers is the gathering of information. We investigate whether the traders in the foreign exchange market consider that to be crucial, which is equivalent to asking “Do traditional brokers have any chance in the forex?” We build a simple model and use the results of a questionnaire that we elaborated and that was sent to the users of the brokers’ services in the Portuguese foreign exchange market. We also use transaction data from the most important dealer in the Portuguese market. Considering this dealer to be representative, we conclude... |
Tipo: Journal Article |
Palavras-chave: Brokers; Foreign exchange market; Information; Financial Economics; D400; D800; G240. |
Ano: 2003 |
URL: http://purl.umn.edu/43988 |
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