Construct · 1 fields · 1 citations

missing markets: a standalone construct

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Development economics

the absence of usable markets for some goods or labor for a farm household, which explains seemingly odd responses such as sluggish supply to price changes.

In development economics, missing markets refers to the absence of usable markets for some goods or labor for a farm household, which explains seemingly odd responses such as sluggish supply to price changes. This meaning comes from de Janvry (1991) in The Economic Journal.[1]

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Nearby constructs

development1 fields · 2 citationsanchor · a standalone construct labor4 fields · 4 citationsjingle · one word, four constructs supply3 fields · 3 citationsjingle · one word, three constructs

References

de Janvry, A., Fafchamps, M., & Sadoulet, E. (1991). Peasant Household Behaviour with Missing Markets: Some Paradoxes Explained. The Economic Journal, 101(409), 1400. https://doi.org/10.2307/2234892

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