IDEAS home Printed from
   My bibliography  Save this article

Les institutions de marché en Afrique subsaharienne


  • Fafchamps, Marcel

    (Département d’Économie)


Based on my May 2005 presentation to the Société canadienne de science économique, this article summarizes the content of my book devoted to market institutions in sub-Saharan Africa. Organized around the ideas of trust and information sharing, the article discusses concepts and empirical findings pertaining to the enforcement of contracts in Africa. I argue that the fear of losing valuable relationships is the dominant enforcement mechanism in markets for manufactures and agricultural products. Contrary to much of the theoretical emphasis on reputational contracting, coordinated collective exclusion of cheaters is unknown. But decentralized exclusion can arise if breach of contract is interpreted as a signal of impending bankruptcy. I discuss the circulation of information about type and behavior, which is fraught with incentive problems, and the role of networks in shaping market interaction. Basé sur ma présentation de mai 2005 a la Société canadienne de science économique, cet article résume le contenu de mon livre dédié aux institutions de marché en Afrique subsaharienne. Organisé autour des idées de confiance et de partage de l’information, l’article présente une série de concepts et de résultats empiriques relatifs au respect des contrats en Afrique. J’argue du fait que la peur de perdre une relation d’affaires précieuse est le mécanisme dominant de respect des contrats pour les biens agricoles et manufacturés. Contrairement a l’accent mis d’ordinaire par la littérature théorique sur les contrats relationnels, je trouve que l’exclusion collective et coordonnée des tricheurs est inconnue en Afrique. Mais l’exclusion décentralisée peut se produire si le non-respect d’un contrat est interprété comme signal d’une faillite imminente. Je discute également de la circulation de l’information sur le type et le comportement des agents économiques, qui regorge de problèmes incitatifs, ainsi que le rôle des réseaux dans la forme que prennent les interactions de marché

Suggested Citation

  • Fafchamps, Marcel, 2005. "Les institutions de marché en Afrique subsaharienne," L'Actualité Economique, Société Canadienne de Science Economique, vol. 81(4), pages 595-616, décembre.
  • Handle: RePEc:ris:actuec:v:81:y:2005:i:4:p:595-616

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Juan M. Gallego & Mariapia Mendola, 2013. "Labour Migration and Social Networks Participation in Southern Mozambique," Economica, London School of Economics and Political Science, vol. 80(320), pages 721-759, October.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:actuec:v:81:y:2005:i:4:p:595-616. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruce Shearer). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.