{"id":"https://openalex.org/W7204028896","doi":"https://doi.org/10.1002/ajae.70091","title":"Risk management externalities in agrifood supply chains","display_name":"Risk management externalities in agrifood supply chains","publication_year":2026,"publication_date":"2026-08-23","ids":{"openalex":"https://openalex.org/W7204028896","doi":"https://doi.org/10.1002/ajae.70091"},"language":"en","primary_location":{"id":"doi:10.1002/ajae.70091","doi":"https://doi.org/10.1002/ajae.70091","is_oa":true,"landing_page_url":"https://doi.org/10.1002/ajae.70091","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1002/ajae.70091","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5001721997","display_name":"Jeffrey Hadachek","orcid":"https://orcid.org/0000-0003-0563-2421","observed_orcids":["https://orcid.org/0000-0003-0563-2421"]},"institutions":[{"id":"https://openalex.org/I135310074","display_name":"University of Wisconsin\u2013Madison","ror":"https://ror.org/01y2jtd41","country_code":"US","type":"education","lineage":["https://openalex.org/I135310074"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jeffrey Hadachek","raw_affiliation_strings":["Department of Agricultural and Applied Economics University of Wisconsin\u2010Madison  Madison Wisconsin USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Agricultural and Applied Economics University of Wisconsin\u2010Madison  Madison Wisconsin USA","institution_ids":["https://openalex.org/I135310074"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5031237033","display_name":"Meilin Ma","orcid":"https://orcid.org/0000-0003-2298-8702","observed_orcids":["https://orcid.org/0000-0003-2298-8702"]},"institutions":[{"id":"https://openalex.org/I219193219","display_name":"Purdue University West Lafayette","ror":"https://ror.org/02dqehb95","country_code":"US","type":"education","lineage":["https://openalex.org/I219193219"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Meilin Ma","raw_affiliation_strings":["Department of Agricultural Economics Purdue University  West Lafayette Indiana USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Agricultural Economics Purdue University  West Lafayette Indiana USA","institution_ids":["https://openalex.org/I219193219"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3750,"currency":"USD","value_usd":3750},"apc_paid":{"value":3750,"currency":"USD","value_usd":3750},"fwci":5.0051,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.95643052,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":92,"max":95},"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/T11886","display_name":"Agricultural risk and resilience","score":0.4097000062465668,"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/T11886","display_name":"Agricultural risk and resilience","score":0.4097000062465668,"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/T11864","display_name":"Supply Chain Resilience and Risk Management","score":0.23680000007152557,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.20080000162124634,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-management","display_name":"risk management","score":0.8569999933242798},{"id":"https://openalex.org/keywords/negative-externalities","display_name":"negative externalities","score":0.8220000267028809},{"id":"https://openalex.org/keywords/agri-food-supply-chains","display_name":"agri-food supply chains","score":0.9980000257492065},{"id":"https://openalex.org/keywords/food-supply-chain-disruption","display_name":"food supply chain disruption","score":0.7699999809265137},{"id":"https://openalex.org/keywords/food-insecurity","display_name":"food insecurity","score":0.7379999756813049},{"id":"https://openalex.org/keywords/risk-interdependence","display_name":"risk interdependence","score":0.9279999732971191},{"id":"https://openalex.org/keywords/market-power","display_name":"market power","score":0.7289999723434448},{"id":"https://openalex.org/keywords/market-structure","display_name":"market structure","score":0.5339999794960022},{"id":"https://openalex.org/keywords/supply-chain-coordination","display_name":"supply chain coordination","score":0.5350000262260437},{"id":"https://openalex.org/keywords/social-planner","display_name":"social planner","score":0.3059999942779541}],"concepts":[{"id":"https://openalex.org/C16118543","wikidata":"https://www.wikidata.org/wiki/Q275372","display_name":"Externality","level":2,"score":0.828000009059906},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.6414999961853027},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.6050000190734863},{"id":"https://openalex.org/C108713360","wikidata":"https://www.wikidata.org/wiki/Q1824206","display_name":"Supply chain","level":2,"score":0.5838000178337097},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.5698999762535095},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.555400013923645},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5516999959945679},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.5447999835014343},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.5396999716758728},{"id":"https://openalex.org/C2775881736","wikidata":"https://www.wikidata.org/wiki/Q1274157","display_name":"Market power","level":3,"score":0.44780001044273376},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.44609999656677246},{"id":"https://openalex.org/C120330832","wikidata":"https://www.wikidata.org/wiki/Q166656","display_name":"Supply and demand","level":2,"score":0.34929999709129333},{"id":"https://openalex.org/C155739000","wikidata":"https://www.wikidata.org/wiki/Q877707","display_name":"Market structure","level":2,"score":0.3465000092983246},{"id":"https://openalex.org/C44104985","wikidata":"https://www.wikidata.org/wiki/Q492886","display_name":"Supply chain management","level":3,"score":0.3456000089645386},{"id":"https://openalex.org/C192639820","wikidata":"https://www.wikidata.org/wiki/Q1114469","display_name":"Supply chain risk management","level":5,"score":0.34220001101493835},{"id":"https://openalex.org/C2781415417","wikidata":"https://www.wikidata.org/wiki/Q25304581","display_name":"Incomplete contracts","level":3,"score":0.31279999017715454},{"id":"https://openalex.org/C73858035","wikidata":"https://www.wikidata.org/wiki/Q1164550","display_name":"Market risk","level":2,"score":0.30660000443458557},{"id":"https://openalex.org/C43071985","wikidata":"https://www.wikidata.org/wiki/Q2906013","display_name":"Financial risk management","level":3,"score":0.28209999203681946},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.27000001072883606},{"id":"https://openalex.org/C178411942","wikidata":"https://www.wikidata.org/wiki/Q622657","display_name":"Market failure","level":2,"score":0.266400009393692},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.26010000705718994}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1002/ajae.70091","doi":"https://doi.org/10.1002/ajae.70091","is_oa":true,"landing_page_url":"https://doi.org/10.1002/ajae.70091","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.5143693","doi":"https://doi.org/10.2139/ssrn.5143693","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.5143693","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.1002/ajae.70091","doi":"https://doi.org/10.1002/ajae.70091","is_oa":true,"landing_page_url":"https://doi.org/10.1002/ajae.70091","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},"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":54,"referenced_works":["https://openalex.org/W1531687952","https://openalex.org/W1910647534","https://openalex.org/W2013823274","https://openalex.org/W2021523788","https://openalex.org/W2022718332","https://openalex.org/W2022938711","https://openalex.org/W2032771765","https://openalex.org/W2034493083","https://openalex.org/W2035759078","https://openalex.org/W2038862703","https://openalex.org/W2049564983","https://openalex.org/W2050194582","https://openalex.org/W2075979941","https://openalex.org/W2076181356","https://openalex.org/W2086979538","https://openalex.org/W2089363512","https://openalex.org/W2109479487","https://openalex.org/W2130477230","https://openalex.org/W2152059910","https://openalex.org/W2162224503","https://openalex.org/W2179963039","https://openalex.org/W2260725321","https://openalex.org/W2405758888","https://openalex.org/W2731145970","https://openalex.org/W2753715454","https://openalex.org/W2812824730","https://openalex.org/W2967121007","https://openalex.org/W3001138992","https://openalex.org/W3006153018","https://openalex.org/W3080626052","https://openalex.org/W3112933685","https://openalex.org/W3124656445","https://openalex.org/W3153383915","https://openalex.org/W3159672012","https://openalex.org/W3200411482","https://openalex.org/W3208214356","https://openalex.org/W4214878868","https://openalex.org/W4236841844","https://openalex.org/W4290851786","https://openalex.org/W4292397095","https://openalex.org/W4322620184","https://openalex.org/W4353076810","https://openalex.org/W4365787967","https://openalex.org/W4387952923","https://openalex.org/W4392727021","https://openalex.org/W4392727027","https://openalex.org/W4396810848","https://openalex.org/W4399756829","https://openalex.org/W4401489014","https://openalex.org/W4401690814","https://openalex.org/W4402682734","https://openalex.org/W4406606049","https://openalex.org/W4408247564","https://openalex.org/W4408382612"],"related_works":["https://openalex.org/W4409161323","https://openalex.org/W6963965012","https://openalex.org/W2621285271","https://openalex.org/W2096229169","https://openalex.org/W1606119987","https://openalex.org/W2225492210","https://openalex.org/W2515024670","https://openalex.org/W3009509504","https://openalex.org/W7111946609","https://openalex.org/W2289065480"],"abstract_inverted_index":{"Abstract":[0],"Firms":[1],"may":[2,215],"under\u2010":[3],"or":[4,217],"over\u2010invest":[5],"in":[6,15,23,48,78,91,122,149,153,184,205,210],"risk":[7,30,104,132,147,154,176,211],"management":[8,31,105,133,155],"from":[9,53],"the":[10,24,59,63,66,111,127,144,151,168,189,220],"social":[11,51],"planner's":[12],"perspective,":[13],"resulting":[14],"a":[16,45,71,130],"negative":[17],"externality":[18,28,60,152],"on":[19,62,135,143],"other":[20],"economic":[21],"agents":[22],"supply":[25,37,67,81,124],"chain.":[26,68],"The":[27,56,94],"of":[29,58,65,103,114,129,146],"is":[32],"particularly":[33],"relevant":[34],"for":[35,97],"agrifood":[36,123],"chains,":[38,125],"which":[39],"frequently":[40],"experience":[41],"disruptions":[42],"and":[43,89,101,119,178,199],"play":[44],"primary":[46],"role":[47,145],"preventing":[49],"major":[50],"losses":[52],"food":[54,80],"insecurity.":[55],"magnitude":[57],"depends":[61,134],"structure":[64],"We":[69,139,160],"build":[70],"theoretical":[72],"model":[73,95],"to":[74],"characterize":[75],"such":[76],"externalities":[77],"US":[79],"chains":[82],"where":[83,126],"intermediary":[84],"firms":[85,164,198,200],"choose":[86],"output":[87],"quantities":[88],"investments":[90,194],"managing":[92],"risks.":[93],"allows":[96],"flexible":[98],"market":[99,158,179,203],"structures":[100],"interdependence":[102,109,148,177],"among":[106],"firms.":[107],"Risk":[108],"captures":[110],"unique":[112],"feature":[113],"biotic":[115],"hazards":[116],"(e.g.,":[117],"animal":[118],"plant":[120],"diseases)":[121],"effectiveness":[128],"firm's":[131],"peer":[136],"firms'":[137],"behavior.":[138],"offer":[140],"novel":[141],"insights":[142],"driving":[150],"under":[156,172],"different":[157],"structures.":[159],"show":[161],"that":[162,187],"private":[163,213],"invest":[165],"less":[166],"than":[167],"socially":[169,221],"optimal":[170,222],"level":[171],"perfect":[173],"competition,":[174],"but":[175,207],"power":[180,204],"introduce":[181],"complex":[182],"incentives":[183],"risk\u2010reducing":[185],"investment":[186,214],"shape":[188],"externality.":[190],"In":[191],"particular,":[192],"when":[193],"are":[195],"complements":[196],"across":[197],"possess":[201],"strong":[202],"production":[206],"limited":[208],"coordination":[209],"management,":[212],"equal":[216],"even":[218],"exceed":[219],"level.":[223]},"counts_by_year":[{"year":2026,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2026-08-24T00:00:00"}
