Publication:
The Relevance of a Rules-Based Maize Marketing Policy : An Experimental Case Study of Zambia

dc.contributor.author Abbink, Klaus
dc.contributor.author Jayne, Thomas S.
dc.contributor.author Moller, Lars C.
dc.date.accessioned 2012-06-01T22:07:15Z
dc.date.available 2012-06-01T22:07:15Z
dc.date.issued 2008-09
dc.description.abstract Strategic interaction between public and private actors is increasingly recognized as an important determinant of agricultural market performance in Africa and elsewhere. Trust and consultation tend to positively affect private activity while uncertainty of government behavior impedes it. This paper reports on a laboratory experiment based on a stylized model of the Zambian maize market. The experiment facilitates a comparison between discretionary interventionism and a rules-based policy in which the government pre-commits itself to a future course of action. A simple precommitment rule can, in theory, overcome the prevailing strategic dilemma by encouraging private sector participation. Although this result is also borne out in the economic experiment, the improvement in private sector activity is surprisingly small and not statistically significant due to irrationally cautious choices by experimental governments. Encouragingly, a rules-based policy promotes a much more stable market outcome, thereby substantially reducing the risk of severe food shortages. These results underscore the importance of predictable and transparent rules for the state's involvement in agricultural markets. en
dc.identifier http://documents.worldbank.org/curated/en/2008/09/9882913/relevance-rules-based-maize-marketing-policy-experimental-case-study-zambia
dc.identifier.uri http://hdl.handle.net/10986/6948
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 4727
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNTING
dc.subject ACUTE FOOD SHORTAGES
dc.subject AGRICULTURAL DEVELOPMENT
dc.subject AGRICULTURAL ECONOMICS
dc.subject AGRICULTURAL POLICY
dc.subject AGRICULTURAL PRODUCTIVITY
dc.subject AGRICULTURE
dc.subject AUCTION
dc.subject AUCTIONS
dc.subject AVERAGE PRICE
dc.subject CENTRAL ASIAN
dc.subject COLLUSION
dc.subject COMPETITIVENESS
dc.subject CONFIDENCE
dc.subject CONSUMER DEMAND
dc.subject CONSUMER PRICE
dc.subject CONSUMER PRICES
dc.subject CONSUMER WELFARE
dc.subject DEMAND ELASTICITY
dc.subject DEMAND FUNCTION
dc.subject DEMAND FUNCTIONS
dc.subject DEMOCRACY
dc.subject DISCRETION
dc.subject DOMESTIC MARKET
dc.subject EFFICIENT MARKET
dc.subject EXPENDITURES
dc.subject EXTERNAL MARKETS
dc.subject FARM PRODUCTIVITY
dc.subject FARM PRODUCTIVITY GROWTH
dc.subject FOOD AID
dc.subject FOOD AVAILABILITY
dc.subject FOOD CRISIS
dc.subject FOOD MARKETING
dc.subject FOOD MARKETING SYSTEMS
dc.subject FOOD MARKETS
dc.subject FOOD POLICY
dc.subject FOOD POLICY RESEARCH
dc.subject FOOD PRICES
dc.subject FOOD SECURITY
dc.subject FOOD SECURITY POLICY
dc.subject FOOD SECURITY RESEARCH
dc.subject FOOD SHORTAGE
dc.subject FOOD SHORTAGES
dc.subject FOOD STOCKS
dc.subject FOOD SUPPLIES
dc.subject FOOD SUPPLY
dc.subject GOVERNMENT OFFICIALS
dc.subject IMPORTING MAIZE
dc.subject INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
dc.subject INVESTIGATION
dc.subject MAIZE
dc.subject MAIZE IMPORTS
dc.subject MAIZE MARKET
dc.subject MAIZE MARKETING
dc.subject MAIZE MEAL
dc.subject MAIZE PRODUCTION
dc.subject MAIZE REVOLUTION
dc.subject MAIZE SECTOR
dc.subject MAIZE SUPPLY
dc.subject MAIZE TRADING
dc.subject MARKET CONDITIONS
dc.subject MARKET EQUILIBRIUM
dc.subject MARKET FLUCTUATIONS
dc.subject MARKET INFORMATION
dc.subject MARKET LIBERALIZATION
dc.subject MARKET PARTICIPANTS
dc.subject MARKET PERFORMANCE
dc.subject MARKET POWER
dc.subject MARKET PRICE
dc.subject MARKET PRICES
dc.subject MARKET REFORM
dc.subject MARKET REFORMS
dc.subject MARKET RISKS
dc.subject MARKETING
dc.subject MARKETING BOARD
dc.subject MARKETING BOARDS
dc.subject MARKETING POLICY
dc.subject MARKETING SYSTEM
dc.subject MEAL
dc.subject MILLERS
dc.subject MINISTER
dc.subject MINISTERS
dc.subject NATIONAL FARMERS UNION
dc.subject NATIONAL FOOD SECURITY
dc.subject PATRONAGE
dc.subject PRICE FLUCTUATIONS
dc.subject PRICE INDEX
dc.subject PRICE STABILITY
dc.subject PRICE STABILIZATION
dc.subject PRICING POLICIES
dc.subject PRODUCER PRICE
dc.subject PRODUCER PRICES
dc.subject PURCHASING
dc.subject RULING PARTY
dc.subject SALE
dc.subject SALES
dc.subject SMALLHOLDER AGRICULTURE
dc.subject STOCKS
dc.subject SUB-SAHARAN AFRICA
dc.subject SUBSIDIZED GRAIN
dc.subject SUBSTITUTE
dc.subject SUPPLIERS
dc.subject SUPPLY CURVES
dc.subject SURPLUSES
dc.subject TRANSPARENCY
dc.subject TRIALS
dc.subject TYING
dc.subject WHITE MAIZE
dc.title The Relevance of a Rules-Based Maize Marketing Policy : An Experimental Case Study of Zambia en
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2008/09/9882913/relevance-rules-based-maize-marketing-policy-experimental-case-study-zambia
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Agriculture
okr.globalpractice Governance
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1596/1813-9450-4727
okr.identifier.externaldocumentum 000158349_20080925144750
okr.identifier.internaldocumentum 9882913
okr.identifier.report WPS4727
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/09/25/000158349_20080925144750/Rendered/PDF/WPS4727.pdf en
okr.region.administrative Africa
okr.region.country Zambia
okr.topic Public Sector Corruption and Anticorruption Measures
okr.topic Macroeconomics and Economic Growth :: Markets and Market Access
okr.topic Food and Beverage Industry
okr.topic Agriculture :: Food Security
okr.topic International Economics and Trade :: Access to Markets
okr.topic Industry
okr.topic Public Sector Development
okr.unit Development Research Group (DECRG)
okr.volume 1 of 1
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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