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The Food Crises: A Quantitative Model of Food Prices Including Speculators and Ethanol Conversion
16 references·1 citing·33 second hop
The Food Crises: A Quantitative Model of Food Prices Including Speculators and Ethanol Conversion (2011)The Food Crises: A Quantitative Model of …The case for flexible exchange rates (2014)The case for flexible exchang…Index Investment and the Financialization of Commodities (2012)Index Investment and the Fina…Rethinking the global food crisis: The role of trade shocks (2010)Rethinking the global food cr…Index Investment and Financialization of Commodities (2010)Index Investment and Financia…How to Understand High Food Prices (2010)How to Understand High Food P…Three bubbles and a panic: An explanatory review of recent food commodity price events (2009)Three bubbles and a panic: An…A Note On Rising Food Prices (2008)A Note On Rising Food PricesThe Dynamics of Commodity Spot and Futures Markets: A Primer (2001)The Dynamics of Commodity Spo…The Case for Flexible Exchange Rates (1996)The Case for Flexible Exchang…Noise Trader Risk in Financial Markets (1990)Noise Trader Risk in Financia…Positive Feedback Investment Strategies and Destabilizing Rational Speculation (1989)Positive Feedback Investment …The Theory of Commodity Price Stabilization: A Study in the Economics of Risk. (1983)The Theory of Commodity Price…Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand (1950)Bandwagon, Snob, and Veblen E…The Cobweb Theorem (1938)The Cobweb TheoremThe Economics of Exhaustible Resources (1931)The Economics of Exhaustible …Principles of Political Economy with some of their Applications to Social Philosophy. (1911)Principles of Political Econo…Anticipating Economic Market Crises Using Measures of Collective Panic (2015)Anticipating Economic Market …The General Theory of Employment, Interest and Money. (1936)The Behavior of Stock-Market Prices (1965)Continuous Auctions and Insider Trading (1985)The Limits of Arbitrage (1995)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Index Funds, Financialization, and Commodity Futures Markets (2011)Volatility spillover between oil and agricultural commodity markets (2012)Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market (2009)Financialization of Commodity Markets (2013)Speculators, commodities and cross-market linkages (2013)A Model of Financialization of Commodities (2016)A Theory of Social Interactions (1974)Income and well-being: an empirical analysis of the comparison income effect (2004)Incentives and Prosocial Behavior (2006)Anatomy of a crisis: the causes and consequences of surging food prices (2008)Order Flow and Exchange Rate Dynamics (1999)Investor psychology in capital markets: evidence and policy implications (2002)Heterogeneous Agent Models in Economics and Finance (2005)The market for borrowing stock (2002)Hedge Funds and the Technology Bubble (2004)The Market for News (2005)Balanced-budget redistribution as the outcome of political competition (1987)Understanding Crude Oil Prices (2008)RCP4.5: a pathway for stabilization of radiative forcing by 2100 (2011)Is Child Labor Inefficient? (2000)The Political Economy of the World Trading System (2009)Global Imbalances and the Financial Crisis: Link or No Link? (2011)Financialization, crisis and commodity correlation dynamics (2012)Dynamic spillover effects among crude oil, precious metal, and agricultural commodity futures markets (2016)
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References

  • 1990Noise Trader Risk in Financial Markets6,259 cited
  • 1931The Economics of Exhaustible Resources4,535 cited
  • 1950Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand2,344 cited
  • 1911Principles of Political Economy with some of their Applications to Social Philosophy.1,429 cited
  • 2012Index Investment and the Financialization of Commodities1,333 cited
  • 2008A Note On Rising Food Prices1,100 cited
  • 1996The Case for Flexible Exchange Rates1,084 cited
  • 1989Positive Feedback Investment Strategies and Destabilizing Rational Speculation804 cited
  • 2010How to Understand High Food Prices738 cited
  • 2010Index Investment and Financialization of Commodities723 cited
  • 1983The Theory of Commodity Price Stabilization: A Study in the Economics of Risk.632 cited
  • 2010Rethinking the global food crisis: The role of trade shocks598 cited
  • 2001The Dynamics of Commodity Spot and Futures Markets: A Primer591 cited
  • 1938The Cobweb Theorem502 cited
  • 2014The case for flexible exchange rates479 cited
  • 2009Three bubbles and a panic: An explanatory review of recent food commodity price events

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  • 2015Anticipating Economic Market Crises Using Measures of Collective Panic64 cited