{"id":"https://openalex.org/W1508317850","doi":"https://doi.org/10.7208/chicago/9780226129082.001.0001","title":"The Economics of Food Price Volatility","display_name":"The Economics of Food Price Volatility","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W1508317850","doi":"https://doi.org/10.7208/chicago/9780226129082.001.0001","mag":"1508317850"},"language":"en","primary_location":{"id":"doi:10.7208/chicago/9780226129082.001.0001","doi":"https://doi.org/10.7208/chicago/9780226129082.001.0001","is_oa":false,"landing_page_url":"https://doi.org/10.7208/chicago/9780226129082.001.0001","pdf_url":null,"source":{"id":"https://openalex.org/S4306464156","display_name":"University of Chicago Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"monograph"},"volume":null,"type":"book","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://www.nber.org/chapters/c13791.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5050311839","display_name":"Jean\u2010Paul Chavas","orcid":"https://orcid.org/0000-0003-1733-3277","observed_orcids":["https://orcid.org/0000-0003-1733-3277"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jean-Paul Chavas","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5000460149","display_name":"David Hummels","orcid":"https://orcid.org/0000-0002-0280-8260","observed_orcids":["https://orcid.org/0000-0002-0280-8260"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"David Hummels","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5014111885","display_name":"Brian D. Wright","orcid":"https://orcid.org/0000-0002-6440-8596","observed_orcids":["https://orcid.org/0000-0002-6440-8596"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Brian D. Wright","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":12.1012,"has_fulltext":true,"cited_by_count":74,"citation_normalized_percentile":{"value":0.986093,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.9814000129699707,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.9814000129699707,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.018300000578165054,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11886","display_name":"Agricultural risk and resilience","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/food-price-volatility","display_name":"food price volatility","score":0.9990000128746033},{"id":"https://openalex.org/keywords/supply-shocks","display_name":"supply shocks","score":0.871999979019165},{"id":"https://openalex.org/keywords/biofuel-policy","display_name":"biofuel policy","score":0.9430000185966492},{"id":"https://openalex.org/keywords/financial-speculation","display_name":"financial speculation","score":0.8209999799728394},{"id":"https://openalex.org/keywords/agricultural-policy","display_name":"agricultural policy","score":0.6460000276565552},{"id":"https://openalex.org/keywords/farmers-welfare","display_name":"farmer welfare","score":0.7689999938011169},{"id":"https://openalex.org/keywords/consumer-welfare","display_name":"consumer welfare","score":0.9419999718666077},{"id":"https://openalex.org/keywords/price-uncertainty","display_name":"price uncertainty","score":0.3700000047683716}],"concepts":[{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6904969215393066},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6518359184265137},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.42343080043792725},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4018780589103699},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3319474160671234}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.7208/chicago/9780226129082.001.0001","doi":"https://doi.org/10.7208/chicago/9780226129082.001.0001","is_oa":false,"landing_page_url":"https://doi.org/10.7208/chicago/9780226129082.001.0001","pdf_url":null,"source":{"id":"https://openalex.org/S4306464156","display_name":"University of Chicago Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"monograph"},{"id":"pmh:oai:researchbank.swinburne.edu.au:460e1e5e-3e39-49b8-b30c-145ceedea956/1","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/1959.3/434738","pdf_url":null,"source":{"id":"https://openalex.org/S4306401157","display_name":"Swinburne figshare (Swinburne University of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I57093077","host_organization_name":"Swinburne University of Technology","host_organization_lineage":["https://openalex.org/I57093077"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":null},{"id":"pmh:oai:RePEc:nbr:nberch:12803","doi":null,"is_oa":false,"landing_page_url":"http://www.nber.org/chapters/c12803.pdf","pdf_url":"http://www.nber.org/chapters/c12803.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"},{"id":"pmh:oai:RePEc:nbr:nberch:12809","doi":null,"is_oa":false,"landing_page_url":"http://www.nber.org/chapters/c12809.pdf","pdf_url":"http://www.nber.org/chapters/c12809.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"},{"id":"pmh:oai:RePEc:nbr:nberch:13791","doi":null,"is_oa":true,"landing_page_url":"http://www.nber.org/chapters/c13791.pdf","pdf_url":"http://www.nber.org/chapters/c13791.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"},{"id":"pmh:oai:RePEc:nbr:nberch:13792","doi":null,"is_oa":false,"landing_page_url":"http://www.nber.org/chapters/c13792.pdf","pdf_url":"http://www.nber.org/chapters/c13792.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"},{"id":"mag:3122150004","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:nbr:nberbk:chav12-1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"pmh:oai:RePEc:nbr:nberch:13791","doi":null,"is_oa":true,"landing_page_url":"http://www.nber.org/chapters/c13791.pdf","pdf_url":"http://www.nber.org/chapters/c13791.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"book"},"sustainable_development_goals":[{"score":0.9208999872207642,"display_name":"Zero hunger","id":"https://metadata.un.org/sdg/2"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1508317850.pdf","grobid_xml":"https://content.openalex.org/works/W1508317850.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W7046722762","https://openalex.org/W4312331812","https://openalex.org/W2481050664","https://openalex.org/W7097532695","https://openalex.org/W2143253653","https://openalex.org/W2481272420","https://openalex.org/W176813156","https://openalex.org/W2301325736","https://openalex.org/W2181691424","https://openalex.org/W1525535617"],"abstract_inverted_index":{"There":[0],"has":[1],"been":[2],"an":[3],"increase":[4],"in":[5,9,62,106,119,154],"food":[6,29,77,107,131,146],"price":[7,30,47,78,108,163],"instability":[8],"recent":[10,46,102],"years,":[11],"with":[12],"varied":[13],"consequences":[14],"for":[15],"farmers,":[16,169],"market":[17],"participants,":[18],"and":[19,93,103,132,143,148,171],"consumers.":[20,172],"Before":[21],"policy":[22,139],"makers":[23],"can":[24],"design":[25],"schemes":[26],"to":[27,45,84],"reduce":[28],"uncertainty":[31],"or":[32,55,59],"ameliorate":[33],"its":[34],"effects,":[35],"they":[36],"must":[37],"first":[38],"understand":[39],"the":[40,68,98,113,128,135,141,149,161,166],"factors":[41],"that":[42],"have":[43],"contributed":[44,83],"instability.":[48],"Does":[49,73],"it":[50],"arise":[51],"primarily":[52],"from":[53,60],"technological":[54],"weather-related":[56,152],"supply":[57],"shocks,":[58],"changes":[61],"demand":[63],"like":[64],"those":[65],"induced":[66],"by":[67],"growing":[69],"use":[70],"of":[71,87,115,127,137,145,151,168],"biofuel?":[72],"financial":[74],"speculation":[75],"affect":[76],"volatility?":[79],"The":[80,85,123,156],"researchers":[81],"who":[82],"Economics":[86],"Food":[88],"Price":[89],"Volatility":[90],"address":[91],"these":[92],"other":[94],"questions.":[95],"They":[96],"examine":[97],"forces":[99],"driving":[100],"both":[101],"historical":[104],"patterns":[105],"volatility,":[109],"as":[110,112],"well":[111],"effects":[114,150],"various":[116],"public":[117],"policies":[118],"affecting":[120],"this":[121],"volatility.":[122],"chapters":[124],"include":[125],"studies":[126],"links":[129],"between":[130],"energy":[133],"markets,":[134],"impact":[136],"biofuel":[138],"on":[140,160],"level":[142],"variability":[144],"prices,":[147],"disruptions":[153],"supply.":[155],"findings":[157],"shed":[158],"light":[159],"way":[162],"volatility":[164],"affects":[165],"welfare":[167],"traders,":[170]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":4},{"year":2022,"cited_by_count":10},{"year":2021,"cited_by_count":8},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":6},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":7},{"year":2016,"cited_by_count":6},{"year":2015,"cited_by_count":9},{"year":2014,"cited_by_count":10},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}