000			01768nam a2200229Ia 4500
008			241008s9999||||xx |||||||||||||| ||und||
022			_a1467-8276
100			_aHadachek, Jeffrey _9121961
245		0	_aMarket structure and resilience of food supply chains under extreme events
260			_bAmerican Journal of Agricultural Economics
260			_c2024
300			_a21-44
520			_aRecent extreme events and the disruptions they caused have made food supply chain resilience a key topic for researchers and policymakers. This paper provides input into these discussions by evaluating the efficiency and resilience properties of the leading policy proposals. We develop a conceptual model of a prototype agricultural supply chain, parameterize the model based on the empirical literature, and conduct simulations to assess the impacts on resilience and economic welfare of four key policy proposals: (i) intensified antitrust enforcement to improve market competition, (ii) subsidization of entry of additional processing capacity, (iii) prevention of price spikes through anti-price-gouging laws, and (iv) diversification of production and processing across multiple regions. Results show that some of the policies have potential to improve supply-chain resilience, but their impacts depend on the existing market structure, and resilience gains often come at the cost of reduced efficiency.
650			_a Extreme Shocks _9121962
650			_a Food Supply Chains _9121963
650			_a Market Structure _939755
650			_a Supply Chain Resilience _9121964
650			_aCorrelated Shocks _9121965
700			_a Ma, Meilin _9121966
700			_a Sexton, Richard J. _9121967
856			_uhttps://onlinelibrary.wiley.com/doi/abs/10.1111/ajae.12393
999			_c134183 _d134183