Do Insect and Mold Damage Affect Maize Prices in Africa? Evidence from Malawi

Economic losses to stored grain can potentially come from both quantity losses and quality losses in the form of price discounts for damage from insects and mold. This article uses choice experiments conducted with physical samples of maize to estimate discounts for damaged grain among maize traders in Malawi. Using the Equality Constrained Latent Class method to correct for non-attendance to the price attribute, we find that traders place a...