Transaction Costs and Market Institutions: Grain Brokers in Ethiopia
Transaction Costs and Market Institutions: Grain Brokers in Ethiopia
Transaction Costs and Market Institutions: Grain Brokers in Ethiopia
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
30<br />
Figure 2.<br />
Opportunity Cost of Search Labor<br />
50<br />
(Across Trader Sample)<br />
40<br />
30<br />
20<br />
10<br />
0<br />
Std. Dev = 59.31<br />
Mean = 43.9<br />
N = 101.00<br />
380.0<br />
360.0<br />
340.0<br />
320.0<br />
300.0<br />
280.0<br />
260.0<br />
240.0<br />
220.0<br />
200.0<br />
180.0<br />
160.0<br />
140.0<br />
120.0<br />
100.0<br />
80.0<br />
60.0<br />
40.0<br />
20.0<br />
0.0<br />
Shadow Daily Wage Rate<br />
Daily wage of <strong>in</strong>cremental search labor<br />
<strong>Ethiopia</strong>n Birr: $1 = Birr 6.35
Change language