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Information, efficiency, and welfare in agricultural markets

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  • Robert T. Jensen

Abstract

Information and communications technologies (ICTs) have spread rapidly in the developing world. There has been considerable interest in the potential role ICTs, particularly mobile phones, have begun to play in the marketing of agricultural outputs in these countries. In this article, we discuss the potential impacts ICTs may have on welfare, both in terms of potential efficiency gains (via improved arbitrage), and welfare transfers among agents in the supply chain (via reduced informational asymmetries and market power). We also review the recent empirical evidence for such effects. Copyright (c) 2010 International Association of Agricultural Economists.

Suggested Citation

  • Robert T. Jensen, 2010. "Information, efficiency, and welfare in agricultural markets," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 203-216, November.
  • Handle: RePEc:bla:agecon:v:41:y:2010:i:s1:p:203-216
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    References listed on IDEAS

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    1. Aparajita Goyal, 2010. "Information, Direct Access to Farmers, and Rural Market Performance in Central India," American Economic Journal: Applied Economics, American Economic Association, vol. 2(3), pages 22-45, July.
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    9. Robert T. Jensen & Nolan H. Miller, 2011. "Do Consumer Price Subsidies Really Improve Nutrition?," The Review of Economics and Statistics, MIT Press, vol. 93(4), pages 1205-1223, November.
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    11. Du Boff, Richard B., 1980. "Business Demand and the Development of the Telegraph in the United States, 1844–1860," Business History Review, Cambridge University Press, vol. 54(04), pages 459-479, December.
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    13. Robert Jensen, 2007. "The Digital Provide: Information (Technology), Market Performance, and Welfare in the South Indian Fisheries Sector," The Quarterly Journal of Economics, Oxford University Press, vol. 122(3), pages 879-924.
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    Cited by:

    1. Shimamoto, Daichi & Yamada, Hiroyuki & Gummert, Martin, 2015. "Mobile phones and market information: Evidence from rural Cambodia," Food Policy, Elsevier, vol. 57(C), pages 135-141.
    2. Jenny C. Aker & Marcel Fafchamps, 2015. "Mobile Phone Coverage and Producer Markets: Evidence from West Africa," World Bank Economic Review, World Bank Group, vol. 29(2), pages 262-292.
    3. Arimoto, Yutaka & Kono, Hisaki & Ralandison, Tsilavo & Sakurai, Takeshi & Takahashi, Kazushi, 2015. "Understanding traders' regional arbitage : the case of rice traders in Antananarivo, Madagascar," IDE Discussion Papers 505, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    4. Tadesse, Getaw & Bahiigwa, Godfrey, 2015. "Mobile Phones and Farmers’ Marketing Decisions in Ethiopia," World Development, Elsevier, vol. 68(C), pages 296-307.
    5. repec:eee:jfpoli:v:76:y:2018:i:c:p:81-98 is not listed on IDEAS
    6. Sekabira, Haruna & Qaim, Matin, 2016. "Mobile Phone Technologies, Agricultural Production Patterns, and Market access in Uganda," 2016 AAAE Fifth International Conference, September 23-26, 2016, Addis Ababa, Ethiopia 246310, African Association of Agricultural Economists (AAAE).
    7. Kirk, Angeli & Kilic, Talip & Carletto, Calogero, 2015. "How Does Composition of Household Income Affect Child Nutrition Outcomes? Evidence from Uganda," 2015 Conference, August 9-14, 2015, Milan, Italy 212006, International Association of Agricultural Economists.
    8. Dammert, Ana C. & Galdo, Jose C. & Galdo, Virgilio, 2014. "Preventing dengue through mobile phones: Evidence from a field experiment in Peru," Journal of Health Economics, Elsevier, vol. 35(C), pages 147-161.
    9. Staatz, John M. & Kizito, Andrew M. & Weber, Michael T. & Dembele, Niama Nango, 2011. "Evaluating the Impact on Market Performance of Investments in Market Information Systems: Methodological Challenges," Staff Papers 108184, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    10. Jenny C. Aker & Marcel Fafchamps, 2015. "Mobile Phone Coverage and Producer Markets: Evidence from West Africa," World Bank Economic Review, World Bank Group, vol. 29(2), pages 262-292.

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