Market resilience in times of crisis: The case of Darfur

Abstract

This article focuses on market behavior during crises. It provides an analysis of market functioning in North Darfur, Sudan, over a decade when both natural and manmade disasters were experienced. Results obtained using two rigorous methodological approaches highlight how markets not only remained functional during crises, but even operated more efficiently after a shock than in normal conditions. While our analysis focuses on specific events, we argue that our findings have general validity and application.