| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16220 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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