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来源类型Discussion paper
规范类型论文
来源IDDP16220
DP16220 Market timing, farmer expectations, and liquidity constraints
Rui Albuquerque; Bruno De Araujo; Luis Brandao-Marques; Geravásia Mosse; Pippy De Vletter; Helder Zavale
发表日期2021-06-03
出版年2021
语种英语
摘要This paper uses data on farmers' price expectations from a randomized survey of smallholder farmers in Mozambique. Survey data show that across all crops most interviewed farmers expect prices to be higher in the lean season. Yet, farmers report selling most of their output shortly after harvest when prices are lower. We find that higher expected prices and lower current sale prices are associated with increased storage for liquidity constrained farmers versus unconstrained farmers. We develop an intertemporal model of market timing in the presence of liquidity constraints that is consistent with these findings and discuss other model predictions.
主题Development Economics ; Financial Economics
关键词Liquidity constraints Market timing Household expectations Pricing Storage Developing economies
URLhttps://cepr.org/publications/dp16220
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545189
推荐引用方式
GB/T 7714
Rui Albuquerque,Bruno De Araujo,Luis Brandao-Marques,et al. DP16220 Market timing, farmer expectations, and liquidity constraints. 2021.
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