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Cost-benefit framework for policy action to navigate food price spikes. FOODSECURE Working Paper No 33

Author

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  • Matthias Kalkuhl
  • Mekbib Haile
  • Lukas Kornher
  • Marta Kozicka

Abstract

This paper develops a cost-benefit framework for evaluating the impacts of price spikes and price volatility in food commodities ranging from allocative, political-economy and health to human welfare effects. After reviewing the research on impacts of price spikes and volatility, several policies to reduce volatility or its adverse impacts are classified and evaluated. The evaluation of policies is visualized according to different criteria that allow assessment of strengths and weaknesses of several policies.

Suggested Citation

  • Matthias Kalkuhl & Mekbib Haile & Lukas Kornher & Marta Kozicka, 2015. "Cost-benefit framework for policy action to navigate food price spikes. FOODSECURE Working Paper No 33," FOODSECURE Working papers 33, LEI Wageningen UR.
    • Handle: RePEc:fsc:fspubl:33
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    Cited by:

    1. Wossen, Tesfamicheal & Berger, Thomas & Haile, Mekbib G. & Troost, Christian, 2018. "Impacts of climate variability and food price volatility on household income and food security of farm households in East and West Africa," Agricultural Systems, Elsevier, vol. 163(C), pages 7-15.
    2. Mekbib G. Haile & Tesfamicheal Wossen & Kindie Tesfaye & Joachim von Braun, 2017. "Impact of Climate Change, Weather Extremes, and Price Risk on Global Food Supply," Economics of Disasters and Climate Change, Springer, vol. 1(1), pages 55-75, June.
    3. Lukas Kornher & Matthias Kalkuhl, 2015. "A Typology for Price-related Food and Nutrition Risks and Policy Responses," FOODSECURE Technical papers 5, LEI Wageningen UR.

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    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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