Measuring Market Efficiency of Regulated Markets for Effective Performance in Tamil Nadu

摘要

Rural and agricultural marketing involve, in its simplest form, buying and selling of rural and agricultural produces. In the process of development of marketing, many intermediaries also emerged between the farmers and the consumers which had consequently reduced the farmers' share of the price paid by the consumers. In this direction, the regulated markets were established to regulate effectively the sale and purchase of agricultural produce and establish market yards for marketing of agriculturalproduce so as to free the farmers from the clutches of middlemen.An attempt has been made in the present study to analyze the efficiency of the regulated markets in Tamil Nadu to address the above questions and the issues raised. The maximization of arrivals could be optimized by data envelopment analysis, i.e. the deterministic frontier approach. The market efficiency of these rural markets can be increased by management of the markets and allocation of factors such as number of employees involved in publicity and propaganda work, number of traders participating inthe sales and number of villages covered by the regulated markets. Improving the market efficiency of these rural markets is necessary to meet the requirements of the economy in the context of globalization.