We study the relationship between price-setting behavior and the degree of competition in a setting where markets and information flows are relatively imperfect. Using a unique dataset that combines survey data on retail outlets in Lesotho, and detailed historical information on their product...

Purpose: This study conducts an empirical analysis of the relationship between credit market conditions and agriculture output in Sub-Saharan Africa. Design/methodology/approach: This paper uses a two-stage least square instrumental variable and difference generalised method of moments dynamic...

This paper documents some of the main features of price setting behaviour by retail outlets in Lesotho over the period March 2002 to December 2009. The sample of data covers 229 product items for 345 retail outlets. The paper has three main objectives. Firstly, it presents key indicators of...