TY  - SER
AU  - McCorriston, Steve
AU  -  MacLaren, Donald
TI  - Market intermediaries, storage and policy reforms
SN  - 1477-9552
PB  - Journal of Agricultural Economics
KW  -  Parastatals
KW  -  Policy
KW  -  Private Market Intermediaries
KW  -  Storage
KW  - Egyptian Wheat Marketing
N2  - Intermediaries play a crucial role in the functioning of agricultural and food markets in developing countries through linking production, imports and storage with consumption. We analyse how competition in the intermediary sector and alternative forms of intermediaries determine the incentives for storage and market outcomes more generally. We apply this framework to the Egyptian wheat sector as an illustrative case study, a country where food security is a priority, where both forms of intermediaries co-exist and undertake storage but where issues of reforms to the role of intermediaries have been raised. Through stochastic simulation, we analyse two changes in government policy: first, the effects of changing the policy instruments with both types of intermediaries undertaking storage; second, relating to market reforms where the private sector replaces the storage function of the parastatal. These issues have wider significance for addressing the interaction between food security and a wide range of policy reforms including de-regulation of parastatals in developing countries
UR  - https://onlinelibrary.wiley.com/doi/abs/10.1111/1477-9552.12542
ER  -