Information Service and Price Dispersion in Togolese Maize Markets
Journal Title: Scholars Journal of Economics, Business and Management - Year 2017, Vol 4, Issue 11
Abstract
Abstract:This paper assesses the effect of the dissemination of prices’ information on the maize prices dispersion in Togo with Lome as reference market. The maize is the main stuff food among cereals marketed in Togo. To this end, the monthly retail maize prices collected from fifteen markets for the period without service (2000-2007) and the period with service (2008-2015) are considered. The results show that despite the price dissemination, the difference between Lome and the other markets is still large. The result suggests that the wholesalers who are the intermediaries between Lome, the central market and other markets, may exert some power which dampens the prices dissemination effect. However even though the overall effect is mitigated, the results suggested that the market information services are not useless. They need to be improved in order to increase the efficiency of the functioning of the grain markets. Keywords:Market information services, price dispersion, Maize market, Togo.
Authors and Affiliations
Koffi Yovo
Keywords
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