Information, efficiency, and welfare in agricultural markets

Jensen, R. T. (2010) Information, efficiency, and welfare in agricultural markets. Agriculture Economics, 41 (1). pp. 206-216.

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Abstract

Information and communications technologies (ICTs) have spread rapidly in the developing world. There has been considerable interest in the potential role ICTs, particularly mobile phones, have begun to play in the marketing of agricultural outputs in these countries. In this article, we discuss the potential impacts ICTs may have on welfare, both in terms of potential efficiency gains (via improved arbitrage), and welfare transfers among agents in the supply chain (via reduced informational asymmetries and market power). We also review the recent empirical evidence for such effects.

Item Type: Article
Additional Information: I would like to thank Reuben Abraham, Christopher Avery, Nolan Miller, Mai Nguyen, and Richard Zeckhauser for valuable comments.
Uncontrolled Keywords: Agricultural markets; Information technology; Economic development
Author Affiliation: UCLA School of Public Affairs, 3250 Public Affairs Building, Los Angeles, CA 90095-1656, USA.
Subjects: Social Sciences > Agricultural Economics
Divisions: General
Depositing User: Mr Siva Shankar
Date Deposited: 05 Jul 2012 03:47
Last Modified: 05 Jul 2012 03:48
URI: http://eprints.icrisat.ac.in/id/eprint/6564

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