We present a new model to describe the unusual elastic properties of c
ompressed emulsions. The response of a single droplet under compressio
n is investigated numerically for different Wigner-Seitz cells. The re
sponse is softer than harmonic, and depends on the coordination number
of the droplet. Using these results, we propose a new effective inter
droplet potential which is used to determine the elastic response of a
monodisperse collection of disordered droplets as a function of volum
e fraction. Our results are in excellent agreement with recent experim
ents. This suggests that anharmonicity together with disorder are resp
onsible for the quasilinear increase of G and Pi observed at phi(c).