Post-Liberalization Markets, Export Firm Concentration, and Price Transmission along Nigerian Cocoa Supply Chains

Download or read book Post-Liberalization Markets, Export Firm Concentration, and Price Transmission along Nigerian Cocoa Supply Chains written by Ajetomba, Joshua Olusegun and published by Intl Food Policy Res Inst. This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines whether major Nigerian export firms exert market power over Nigerian cocoa farmers in the form of incomplete price transmission. A common indicator of efficient and functioning markets is the presence of a high level of market integration, while a lack of integration could be an indication of private traders’ market power. This study pays special attention to export firms’ pricing behavior in the post-liberalization period. Our analyses are based on (i) monthly firm-level price data from major Nigerian cocoa beans exporting companies and (ii) monthly farm gate prices between 1986 and 2009.