Credit constraints prevent farmers from arbitraging seasonal price fluctuations; integrated financial solutions can enable grain storage, channel returns into forward-looking investments, and smooth seasonal prices, yielding benefits for the broader ...

A new methodology combining experimental data with a quantitative model sheds light on the household-level and distributional effects of scaling up agricultural policies.

Low competition undermines consumer welfare. Collusive agreements are flexible enough to deflect the effect of a small number of new traders.