Food Price Spikes and Strategic Interactions between the Public and Private Sectors: Market Failures or Governance Failures
AbstractWhen food prices shoot over import parity, this often leads to social and political unrest and even the toppling of governments. If markets behaved efficiently and in the absence of trade barriers, food prices should not exceed the price in world markets plus the cost of importing it to domestic markets (i.e., import parity). However, food prices routinely soar above import parity in several countries of East and Southern Africa, causing widespread hunger and asset depletion among the poor.
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Bibliographic InfoPaper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Food Security Collaborative Working Papers with number 97142.
Date of creation: Oct 2009
Date of revision:
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Postal: Justin S. Morrill Hall of Agriculture, 446 West Circle Dr., Rm 202, East Lansing, MI 48824-1039
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Web page: http://www.aec.msu.edu/agecon/
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Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty;
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- Elodie Maître D'Hôtel & Tristan Le Cotty & Thomas Jayne, 2012.
"Is a public regulation of food price volatility feasible in Africa? An arch approach in Kenya,"
- Maitre d'Hotel, Elodie & le Cotty, Tristan & Jayne, Thomas S., 2012. "Is A Public Regulation Of Food Price Volatility Feasible In Africa? An Arch Approach In Kenya," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122551, European Association of Agricultural Economists.
- Ellis, Frank & Manda, Elizabeth, 2012. "Seasonal Food Crises and Policy Responses: A Narrative Account of Three Food Security Crises in Malawi," World Development, Elsevier, vol. 40(7), pages 1407-1417.
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