{"paper":{"title":"Modelling the impact of financialization on agricultural commodity markets","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.GN"],"primary_cat":"q-fin.MF","authors_text":"Alessandro Laio, Guido L. Chiarotti, Maria d'Errico","submitted_at":"2016-07-26T08:18:29Z","abstract_excerpt":"We propose a stylized model of production and exchange in which long-term investors set their production decision over a horizon {\\tau} , the \"time to produce\", and are liquidity constrained, while financial investors trade over a much shorter horizon {\\delta} (<< {\\tau} ) and are therefore more duly informed on the exogenous shocks affecting the production output. The equilibrium solution proves that: (i) long-term producers modify their production decisions to anticipate the impact of short-term investors allocations on prices; (ii) short-term investments return a positive expected profit co"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1607.07582","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"}