Sorting: The Function of Tea Middlemen in Taiwan during the Japanese Colonial Era
AbstractIn a case study of Taiwan's tea industry during the Japanese colonial period, we identify an important function of middlemen: sorting. The transaction cost saved by the intermediary due to sorting is shown to be empirically significant. We also study other services provided by tea middlemen, including financing and transportation. These are shown to be by-products of an intermediary's job, rather than his essential contribution to trading.
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Bibliographic InfoArticle provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.
Volume (Year): 160 (2004)
Issue (Month): 4 (December)
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Web page: http://www.mohr.de/jite
Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Find related papers by JEL classification:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East
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- De Fraja, Gianni & Sákovics, József, 2010.
"Exclusive Nightclubs and Lonely Hearts Columns: Nonmonotone Participation in Optional Intermediation,"
SIRE Discussion Papers
2010-84, Scottish Institute for Research in Economics (SIRE).
- De Fraja, Gianni & Sákovics, József, 2012. "Exclusive nightclubs and lonely hearts columns: Non-monotone participation in optional intermediation," Journal of Economic Behavior & Organization, Elsevier, vol. 84(2), pages 618-632.
- Gianni De Fraja & Jozsef Sakovics, 2010. "Exclusive Nightclubs and Lonely Hearts Columns: Non-monotone Participation in Optional Intermediation," ESE Discussion Papers 196, Edinburgh School of Economics, University of Edinburgh.
- De Fraja, Gianni & Sákovics, József, 2010. "Exclusive Nightclubs and Lonely Hearts Columns: Non-monotone Participation in Optional Intermediation," CEPR Discussion Papers 8059, C.E.P.R. Discussion Papers.
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