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Components of the Wholesale Bid-Ask Spread and the Structure of Grain Markets: The Case of Rice in India

Author

Listed:
  • Jha, R.
  • Murthy, K.V.B.
  • Nagarajan, H.K.
  • Seth, A.K.

Abstract

This paper proposes a new method to break up the bid-ask spread in wholesale rice markets into its three components and applies the methodology to twelve major rice centers in India. The proposed methodology is claimed to be superior to the extant methods such as those of Stoll (1989) and George, Kaul and Nimalendran (1991). The split up of the spread into its components allows us to make several comments about the behaviour of grain markets in India, the efficacy of the public distribution system (PDS) and several other policy issues.

Suggested Citation

  • Jha, R. & Murthy, K.V.B. & Nagarajan, H.K. & Seth, A.K., 1998. "Components of the Wholesale Bid-Ask Spread and the Structure of Grain Markets: The Case of Rice in India," Papers 143, Indira Gandhi Institute of Development Research-.
    • Handle: RePEc:fth:indgan:143
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    Cited by:

    1. A Banerji & J.V. Meenakshi, 2010. "Competition and Collusion in Grain Markets: Basmati Auctions in North India," Working Papers id:2701, eSocialSciences.
    2. Raghbendra Jha & Hari K. Nagarajan, 2002. "Noisy Vertical Markets," ASARC Working Papers 2002-04, The Australian National University, Australia South Asia Research Centre.
    3. Aritra Pan & Arun Kumar Misra & David McMillan, 2021. "A comprehensive study on bid-ask spread and its determinants in India," Cogent Economics & Finance, Taylor & Francis Journals, vol. 9(1), pages 1898735-189, January.
    4. Aritra Pan & Arun Kumar Misra, 2022. "Assessment of Asymmetric Information Cost in Indian Stock Market: A Sectoral Approach," Global Business Review, International Management Institute, vol. 23(2), pages 512-535, April.

    More about this item

    Keywords

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    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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