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The relevance of market prices for the design of transfer programs in response to food insecurity

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  • De Matteis, Alessandro
  • Ellis, Frank
  • Valdes, Ivan

Abstract

This paper focuses on the use of market prices as discriminatory factors for the selection of strategies in response to conditions of food insecurity according to the comparative efficiency of different strategies. A classical production model has been used to define the conditions of relative advantage of different response options and to capture the effect of some contextual variables on such conditions. This type of approach can be quite useful when trying to optimise response strategy through its geographical diversification or adjustment over time.

Suggested Citation

  • De Matteis, Alessandro & Ellis, Frank & Valdes, Ivan, 2017. "The relevance of market prices for the design of transfer programs in response to food insecurity," The Quarterly Review of Economics and Finance, Elsevier, vol. 66(C), pages 202-211.
    • Handle: RePEc:eee:quaeco:v:66:y:2017:i:c:p:202-211
    DOI: 10.1016/j.qref.2017.02.001
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    References listed on IDEAS

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    1. Zant, Wouter, 2012. "The economics of food aid under subsistence farming with an application to Malawi," Food Policy, Elsevier, vol. 37(1), pages 124-141.
    2. Amy Margolies & John Hoddinott, 2015. "Costing alternative transfer modalities," Journal of Development Effectiveness, Taylor & Francis Journals, vol. 7(1), pages 1-16, March.
    3. Lentz, Erin C. & Passarelli, Simone & Barrett, Christopher B., 2013. "The Timeliness and Cost-Effectiveness of the Local and Regional Procurement of Food Aid," World Development, Elsevier, vol. 49(C), pages 9-18.
    4. Alessandro De Matteis, 2014. "Preferred form of food assistance in remote resource-poor areas: the case of arid lands in Kenya," Journal of Development Effectiveness, Taylor & Francis Journals, vol. 6(2), pages 167-195, June.
    5. Jesus Felipe & F. Gerard Adams, 2005. ""A Theory of Production" The Estimation of the Cobb-Douglas Function: A Retrospective View," Eastern Economic Journal, Eastern Economic Association, vol. 31(3), pages 427-445, Summer.
    6. Piesse, Jenifer & Thirtle, Colin, 2009. "Three bubbles and a panic: An explanatory review of recent food commodity price events," Food Policy, Elsevier, vol. 34(2), pages 119-129, April.
    7. Maxwell, Daniel G. & Parker, John W. & Stobaugh, Heather C., 2013. "What Drives Program Choice in Food Security Crises? Examining the “Response Analysis” Question," World Development, Elsevier, vol. 49(C), pages 68-79.
    8. Lentz, Erin C. & Barrett, Christopher B. & Gómez, Miguel I. & Maxwell, Daniel G., 2013. "On The Choice and Impacts of Innovative International Food Assistance Instruments," World Development, Elsevier, vol. 49(C), pages 1-8.
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    Cited by:

    1. Alessandro De Matteis & Fethiye Burcu Turkmen Ceylan & Bereket Kebede, 2021. "Market resilience in times of crisis: The case of Darfur," Review of Development Economics, Wiley Blackwell, vol. 25(3), pages 1107-1127, August.

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