{"id":"https://openalex.org/W2002304393","doi":"https://doi.org/10.1093/erae/jbu037","title":"Empirical commodity storage model: the challenge of matching data and theory","display_name":"Empirical commodity storage model: the challenge of matching data and theory","publication_year":2014,"publication_date":"2014-12-17","ids":{"openalex":"https://openalex.org/W2002304393","doi":"https://doi.org/10.1093/erae/jbu037","mag":"2002304393"},"language":"en","primary_location":{"id":"doi:10.1093/erae/jbu037","doi":"https://doi.org/10.1093/erae/jbu037","is_oa":false,"landing_page_url":"https://doi.org/10.1093/erae/jbu037","pdf_url":null,"source":{"id":"https://openalex.org/S32361082","display_name":"European Review of Agricultural Economics","issn_l":"0165-1587","issn":["0165-1587","1464-3618"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Review of Agricultural Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5102951803","display_name":"Ernesto Guerra-Vallejos","orcid":"https://orcid.org/0000-0002-9844-3576","observed_orcids":["https://orcid.org/0000-0002-9844-3576"]},"institutions":[{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"V. Ernesto Alex Guerra","raw_affiliation_strings":["\u2020 University of California at Berkeley, Berkeley, CA, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"\u2020 University of California at Berkeley, Berkeley, CA, USA","institution_ids":["https://openalex.org/I95457486"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5025066036","display_name":"Eugenio Bobenrieth","orcid":"https://orcid.org/0000-0001-9899-4186","observed_orcids":["https://orcid.org/0000-0001-9899-4186"]},"institutions":[{"id":"https://openalex.org/I162148367","display_name":"Pontificia Universidad Cat\u00f3lica de Chile","ror":"https://ror.org/04teye511","country_code":"CL","type":"education","lineage":["https://openalex.org/I162148367"]}],"countries":["CL"],"is_corresponding":true,"raw_author_name":"Eugenio Sebasti\u00e1n Antonio Bobenrieth H.","raw_affiliation_strings":["\u2021 Pontificia Universidad Cat\u00f3lica de Chile, Santiago, Chile"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"\u2021 Pontificia Universidad Cat\u00f3lica de Chile, Santiago, Chile","institution_ids":["https://openalex.org/I162148367"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5019188066","display_name":"Juan Bobenrieth","orcid":"https://orcid.org/0000-0002-1302-5464","observed_orcids":["https://orcid.org/0000-0002-1302-5464"]},"institutions":[{"id":"https://openalex.org/I221450849","display_name":"University of B\u00edo-B\u00edo","ror":"https://ror.org/04dndfk38","country_code":"CL","type":"education","lineage":["https://openalex.org/I221450849"]}],"countries":["CL"],"is_corresponding":false,"raw_author_name":"Juan Rodrigo Andr\u00e9s Bobenrieth H.","raw_affiliation_strings":["\u00a7 Universidad del B\u00edo-B\u00edo, Concepci\u00f3n, Chile"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"\u00a7 Universidad del B\u00edo-B\u00edo, Concepci\u00f3n, Chile","institution_ids":["https://openalex.org/I221450849"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5077874955","display_name":"Carlo Cafiero","orcid":"https://orcid.org/0000-0003-3652-9910","observed_orcids":["https://orcid.org/0000-0003-3652-9910"]},"institutions":[{"id":"https://openalex.org/I1320745970","display_name":"Food and Agriculture Organization of the United Nations","ror":"https://ror.org/00pe0tf51","country_code":"IT","type":"government","lineage":["https://openalex.org/I1286959531","https://openalex.org/I1320745970"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Carlo Cafiero","raw_affiliation_strings":["\u2020\u2020 Statistics Division, Food and Agriculture Organization of the United Nations, Rome, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"\u2020\u2020 Statistics Division, Food and Agriculture Organization of the United Nations, Rome, Italy","institution_ids":["https://openalex.org/I1320745970"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5025066036"],"corresponding_institution_ids":["https://openalex.org/I162148367"],"apc_list":{"value":4487,"currency":"EUR","value_usd":5071},"apc_paid":null,"fwci":3.4856,"has_fulltext":false,"cited_by_count":26,"citation_normalized_percentile":{"value":0.92475205,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"42","issue":"4","first_page":"607","last_page":"623"},"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":0.989300012588501,"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":0.989300012588501,"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":0.009499999694526196,"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/T11805","display_name":"Agricultural economics and policies","score":0.0003000000142492354,"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/agricultural-commodity-prices","display_name":"agricultural commodity prices","score":0.6779999732971191},{"id":"https://openalex.org/keywords/maize-prices","display_name":"corn prices","score":0.8119999766349792},{"id":"https://openalex.org/keywords/price-spikes","display_name":"price spikes","score":0.8880000114440918},{"id":"https://openalex.org/keywords/maximum-likelihood-estimation","display_name":"maximum likelihood estimation","score":0.8920000195503235}],"concepts":[{"id":"https://openalex.org/C97256817","wikidata":"https://www.wikidata.org/wiki/Q1462316","display_name":"Spurious relationship","level":2,"score":0.8519545197486877},{"id":"https://openalex.org/C2779439359","wikidata":"https://www.wikidata.org/wiki/Q317088","display_name":"Commodity","level":2,"score":0.741055428981781},{"id":"https://openalex.org/C185429906","wikidata":"https://www.wikidata.org/wiki/Q1130160","display_name":"Estimator","level":2,"score":0.7131044864654541},{"id":"https://openalex.org/C2781162219","wikidata":"https://www.wikidata.org/wiki/Q26250693","display_name":"Replicate","level":2,"score":0.7064446210861206},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6970324516296387},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6116264462471008},{"id":"https://openalex.org/C3770464","wikidata":"https://www.wikidata.org/wiki/Q775963","display_name":"Smoothing","level":2,"score":0.5833929777145386},{"id":"https://openalex.org/C165064840","wikidata":"https://www.wikidata.org/wiki/Q1321061","display_name":"Matching (statistics)","level":2,"score":0.5218995213508606},{"id":"https://openalex.org/C58489278","wikidata":"https://www.wikidata.org/wiki/Q1172284","display_name":"Data set","level":2,"score":0.4870901107788086},{"id":"https://openalex.org/C2778762746","wikidata":"https://www.wikidata.org/wiki/Q5164766","display_name":"Consumption smoothing","level":3,"score":0.44032520055770874},{"id":"https://openalex.org/C2779659223","wikidata":"https://www.wikidata.org/wiki/Q7619926","display_name":"Storage model","level":2,"score":0.4181097745895386},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.272254079580307},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.2211427092552185},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.169798344373703},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.16315963864326477},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09047168493270874},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.07799705862998962},{"id":"https://openalex.org/C77088390","wikidata":"https://www.wikidata.org/wiki/Q8513","display_name":"Database","level":1,"score":0.07245713472366333}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1093/erae/jbu037","doi":"https://doi.org/10.1093/erae/jbu037","is_oa":false,"landing_page_url":"https://doi.org/10.1093/erae/jbu037","pdf_url":null,"source":{"id":"https://openalex.org/S32361082","display_name":"European Review of Agricultural Economics","issn_l":"0165-1587","issn":["0165-1587","1464-3618"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Review of Agricultural Economics","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.889.564","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.889.564","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://erae.oxfordjournals.org/content/early/2014/12/16/erae.jbu037.full.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:oup:erevae:v:42:y:2015:i:4:p:607-623.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1093/erae/jbu037","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":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/2","display_name":"Zero hunger","score":0.6735000014305115}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":24,"referenced_works":["https://openalex.org/W1505447376","https://openalex.org/W1542118577","https://openalex.org/W1966561507","https://openalex.org/W1981990444","https://openalex.org/W1993635816","https://openalex.org/W2019124768","https://openalex.org/W2029650804","https://openalex.org/W2067219936","https://openalex.org/W2068325621","https://openalex.org/W2082285082","https://openalex.org/W2086714066","https://openalex.org/W2093025040","https://openalex.org/W2113930757","https://openalex.org/W2117047362","https://openalex.org/W2127770703","https://openalex.org/W2129767751","https://openalex.org/W2139079020","https://openalex.org/W2153073590","https://openalex.org/W2155768584","https://openalex.org/W2160391594","https://openalex.org/W2504831212","https://openalex.org/W3125603799","https://openalex.org/W4230687924","https://openalex.org/W4232617630"],"related_works":["https://openalex.org/W2893346625","https://openalex.org/W4280650537","https://openalex.org/W1966561507","https://openalex.org/W2929984584","https://openalex.org/W4304208911","https://openalex.org/W3102811709","https://openalex.org/W3044614748","https://openalex.org/W2139079020","https://openalex.org/W988152357","https://openalex.org/W2600882207"],"abstract_inverted_index":{"The":[0],"ability":[1],"of":[2,21,26,40,53,58,80],"the":[3,41,51,59,67],"standard":[4],"commodity":[5,43],"storage":[6,44,60],"model":[7,45,61],"to":[8],"replicate":[9],"annual":[10,42],"price":[11,27],"serial":[12],"correlation":[13],"is":[14],"a":[15,29,54],"controversial":[16],"issue.":[17],"Calendar":[18],"year":[19],"averages":[20],"prices":[22],"induce":[23],"spurious":[24,68],"smoothing":[25],"spikes,":[28],"fact":[30],"that":[31],"has":[32],"been":[33],"surprisingly":[34],"overlooked":[35],"in":[36,78],"several":[37],"empirical":[38],"estimations":[39],"for":[46,62,66,72],"agricultural":[47],"commodities.":[48],"We":[49,70],"present":[50],"application":[52],"maximum":[55],"likelihood":[56],"estimator":[57],"maize":[63],"prices,":[64],"correcting":[65],"smoothing.":[69],"find,":[71],"this":[73],"data":[74],"set,":[75],"serious":[76],"differences":[77],"magnitudes":[79],"interest.":[81]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":4}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}