Decomposition of market factors preventing agricultural development

• Project/Area Number: 23405034
• Research Category: Grant-in-Aid for Scientific Research (B)
• Allocation Type: Single-year Grants
• Section: 海外学術
• Research Field: Agro-economics
• Research Institution: The University of Tokyo
• Principal Investigator: Suzuki Nobuhiro 東京大学, 農学生命科学研究科, 教授 (80304765)
• Co-Investigator(Kenkyū-buntansha): KAGATSUME Masaru 京都大学, 農学研究科, 教授 (20101248)
• Co-Investigator(Renkei-kenkyūsha): TAKAHASHI Taro 東京大学, 大学院農学生命科学研究科, 農学共同研究員 (20540876) ; NAKAJIMA Toru 東京大学, 大学院農学生命科学研究科, 助教 (60641553)
• Research Collaborator: KAISER Harry M. 米コーネル大学, 経済経営学部, 教授
• Project Period (FY): 2011-04-01 – 2016-03-31
• Project Status: Completed (Fiscal Year 2015)
• Budget Amount: ¥17,030,000 (Direct Cost: ¥13,100,000、Indirect Cost: ¥3,930,000); Fiscal Year 2014: ¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000); Fiscal Year 2013: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000); Fiscal Year 2012: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000); Fiscal Year 2011: ¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
• Keywords: 市場構造 / 不完全競争 / 寡占 / 農業開発 / 市場支配力 / 発展途上国 / 双方寡占 / 農業経済学 / 産業組織

Outline of Final Research Achievements

Contrary to the expectation that a high grain price would benefit international traders and agricultural producers equally, the profit of smallholding producers in developing countries are not strongly linked to the price observed in the international market, a likely result of the oligopsony and information asymmetry inherent throughout the grain supply chain. This project developed a theoretical explanation for this market failure and then conducted empirical decomposition of factors preventing agricultural development.