Market power on the colonial frontier? evidence from São Paulo 1800-1840

Giovanni Federico, Ricardo Paixao

    Research output: Contribution to journalArticle

    Abstract

    Economists often assume that agricultural markets in history were competitive, and all producers received the same price. In contrast, most agricultural historians deem prices to differ among agents, according to their social status and «power». This paper tests these opposite views with a database of some 12,500 transactions for the So Paulo area in Brazil in the first decades of the 19th century. Prices received by farmers were positively related to total sales, a proxy for the size of the estate, and also to the share on the relevant market, which measures the market power. These results are consistent with the anecdotal evidence about the growing importance of large slave estates which, however, did not wipe out small household farms.

    Original languageEnglish (US)
    Pages (from-to)17-36
    Number of pages20
    JournalRevista de Historia Economica - Journal of Iberian and Latin American Economic History
    Volume27
    Issue number1
    DOIs
    StatePublished - Dec 1 2009

    Fingerprint

    Colonies
    Market power
    Estate
    Social Power
    Household
    Slaves
    Farm
    Social Status
    Brazil
    Farmers
    Historian
    History
    Economists
    Data Base
    Agricultural markets
    Data base
    Relevant market
    Social power
    Social status
    Farm households

    Keywords

    • Agricultural prices
    • Brazil
    • Early 19 century
    • Market power

    ASJC Scopus subject areas

    • History
    • Economics and Econometrics

    Cite this

    Market power on the colonial frontier? evidence from São Paulo 1800-1840. / Federico, Giovanni; Paixao, Ricardo.

    In: Revista de Historia Economica - Journal of Iberian and Latin American Economic History, Vol. 27, No. 1, 01.12.2009, p. 17-36.

    Research output: Contribution to journalArticle

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