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Relationships and traders in Madagascar

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  • Fafchamps, Marcel
  • Minten, Bart

Abstract

This paper documents the role that personal relationships play in economic exchange. Original survey data show that agricultural traders in Madagascar perceive relationships as the most important factor for success in their business.Evidence details the extent to which relationships are used to serve a variety of purposes such as: the circulation of information about prices and market conditions; the provision of trade credit; the prevention and handling of contractual difficulties; the regularity of trade flows; and the mitigation of risk. Of these, the regularity of supply and demand and the sharing of risk appear particularly important. Larger and more pros-perous traders are those with quantitatively and qualitatively better relationships. Family plays little role in business beyond assistance at start-up.

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Bibliographic Info

Paper provided by International Food Policy Research Institute (IFPRI) in its series MTID discussion papers with number 24.

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Date of creation: 1998
Date of revision:
Handle: RePEc:fpr:mtiddp:24

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Keywords: Agricultural trade ; Madagascar ; Credit Madagascar ;

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References

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  1. Michi Kandori, 2010. "Social Norms and Community Enforcement," Levine's Working Paper Archive 630, David K. Levine.
  2. Ghosh, Parikshit & Ray, Debraj, 1996. "Cooperation in Community Interaction without Information Flows," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 63(3), pages 491-519, July.
  3. Barr, Abigail, 2000. "Social Capital and Technical Information Flows in the Ghanaian Manufacturing Sector," Oxford Economic Papers, Oxford University Press, vol. 52(3), pages 539-59, July.
  4. Christopher B. Barrett & Paul A. Dorosh, 1996. "Farmers' Welfare and Changing Food Prices: Nonparametric Evidence from Rice in Madagascar," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 78(3), pages 656-669.
  5. Staatz, John M. & Dione, Josue & Dembele, N. Nango, 1989. "Cereals market liberalization in Mali," World Development, Elsevier, Elsevier, vol. 17(5), pages 703-718, May.
  6. Greif, Avner, 1993. "Contract Enforceability and Economic Institutions in Early Trade: the Maghribi Traders' Coalition," American Economic Review, American Economic Association, American Economic Association, vol. 83(3), pages 525-48, June.
  7. Shuttleworth, Graham, 1989. "Policies in transition: Lessons from Madagascar," World Development, Elsevier, Elsevier, vol. 17(3), pages 397-408, March.
  8. Kristjanson, Patricia & Martin, Jerry, 1991. "More Than Free Markets Are Needed: The Case of a Peasan Millionaire in Madagascar," Choices, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 6(4).
  9. Fafchamps, Marcel, 1996. "The enforcement of commercial contracts in Ghana," World Development, Elsevier, Elsevier, vol. 24(3), pages 427-448, March.
  10. Fafchamps, Marcel, 1997. "Trade credit in Zimbabwean manufacturing," World Development, Elsevier, Elsevier, vol. 25(5), pages 795-815, May.
  11. Cornell, Bradford & Welch, Ivo, 1996. "Culture, Information, and Screening Discrimination," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 104(3), pages 542-71, June.
  12. Montgomery, James D, 1991. "Social Networks and Labor-Market Outcomes: Toward an Economic Analysis," American Economic Review, American Economic Association, American Economic Association, vol. 81(5), pages 1407-18, December.
  13. Platteau, J.P., 1996. "Traditional Sharing Norms as an Obstacle to Economic Growth in Tribal Societies," Papers, Notre-Dame de la Paix, Sciences Economiques et Sociales 173, Notre-Dame de la Paix, Sciences Economiques et Sociales.
  14. Berg, Elliot, 1989. "The liberalization of rice marketing in Madagascar," World Development, Elsevier, Elsevier, vol. 17(5), pages 719-728, May.
  15. Kranton, Rachel E, 1996. "Reciprocal Exchange: A Self-Sustaining System," American Economic Review, American Economic Association, American Economic Association, vol. 86(4), pages 830-51, September.
  16. Greif, Avner, 1994. "Cultural Beliefs and the Organization of Society: A Historical and Theoretical Reflection on Collectivist and Individualist Societies," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 102(5), pages 912-50, October.
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