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NATIONAL BUREAU OF ECONOMIC RESEARCH
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Sell Low and Buy High: Arbitrage and Local Price Effects in Kenyan Markets

Marshall Burke, Lauren Falcao Bergquist, Edward Miguel

NBER Working Paper No. 24476
Issued in April 2018

---- Acknowledgments ----

We thank Christopher Barrett, Kyle Emerick, Marcel Fafchamps, Susan Godlonton, Kelsey Jack, Jeremy Magruder, Nicholas Minot, and Dean Yang for useful discussions, and thank seminar participants at ASSA, BREAD, CSAE, IFPRI, Kellogg, Michigan, NEUDC, Northwestern, Stanford, PacDev, UC Berkeley, and the University of Chicago for useful comments. We also thank Peter LeFrancois, Ben Wekesa, and Innovations for Poverty Action for excellent research assistance in the field, and One Acre Fund for partnering with us in the intervention. We gratefully acknowledge funding from the Agricultural Technology Adoption Initiative and an anonymous donor. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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