Decomposing producer price risk: a policy analysis tool with an application to northern Kenyan livestock markets

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dc.creatorBarrett, Christopher B.
dc.creatorLuseno, W.K.
dc.date2004-08
dc.date2010-03-26T12:27:12Z
dc.date2010-03-26T12:27:12Z
dc.date.accessioned2026-06-27T16:47:03Z
dc.descriptionThis paper introduces a simple method of price risk decomposition that determines the extent to which producer price risk is attributable to volatile inter-market margins, intra-day variation, intra-week (day of week) variation, or terminal market price variability. We apply the method to livestock markets in northern Kenya, a setting of dramatic price volatility where price stabilization is a live policy issue. In this particular application, we find that large, variable inter-market basis is the most important factor in explaining producer price risk in animals typically traded between markets. Local market conditions explain most price risk in other markets, in which traded animals rarely exit the region. Variability in terminal market prices accounts for relatively little price risk faced by pastoralists in the dry lands of northern Kenya although this is the focus of most present policy prescriptions under discussion.
dc.identifierhttps://hdl.handle.net/10568/929
dc.identifier.urihttp://hdl.handle.net/123456789/133036
dc.languageen
dc.publisherElsevier
dc.rightsLimited Access
dc.sourceBarrett, C.B.; Luseno, W.K. 2004. Decomposing producer price risk: a policy analysis tool with an application to northern Kenyan livestock markets. Food Policy 29(4):393-405.
dc.titleDecomposing producer price risk: a policy analysis tool with an application to northern Kenyan livestock markets
dc.typeJournal Article

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Instituto Internacional de Investigaciones Pecuarias (ILRI)