BREAD Working Paper No. 589, June 2021

The Falling Price of Cement in Africa Fabrizio Leone, Rocco Macchiavello, and Tristan Reed Abstract The average price of cement in Africa was the highest of any continent in 2011, but by 2017 had fallen by 35 percent, the largest decline in the world, according to data from the International Comparison Program. An empirical industry […]

BREAD Working Paper No. 568, December 2019

Credit Rationing and Pass-Through in Supply Chains: Theory and Evidence from Bangladesh M. Shahe Emran, Dilip Mookherjee, Forhad Shilpi, M. Helal Uddin Abstract We extend standard models of price pass-through in an imperfectly competitive supply chain to incorporate rationing of trade credit. Credit rationing reverses predictions concerning effects of raw material import prices on pass-through […]