Bush encroachment control and risk management in semi-arid rangelands

Publikation: Arbeits- oder Diskussionspapiere und BerichteArbeits- oder Diskussionspapiere

Authors

We study the role of bush encroachment control for a farmer’s income and income risk in a stochastic ecological-economic model of grazing management in semi- arid rangelands. In particular, we study debushing as an instrument of risk management that complements the choice of an adaptive grazing management strategy for that sake. We show that debushing, while being a good practice for increasing the mean pasture productivity and thus expected income, also increases the farmer’s income risk. The optimal extent of debushing for a risk-averse farmer is thus determined from balancing the positive and negative consequences of debushing on intertemporal and stochastic farm income.
OriginalspracheEnglisch
ErscheinungsortLüneburg
VerlagInstitut für Volkswirtschaftslehre der Universität Lüneburg
Anzahl der Seiten33
PublikationsstatusErschienen - 12.2010

    Fachgebiete

  • Wirtschaftswissenschaften für Nachhaltigkeit - bush encroachment, expected utility, farm income, intertemporal optimization, risk aversion, risk management, semi-arid rangeland
  • Volkswirtschaftslehre - bush encroachment, expected utility, farm income, intertemporal optimization, risk aversion, risk management, semi-arid rangeland

Zugehörige Projekte

  • Nachhaltige Nutzung von Ökosystemdienstleistungen unter Unsicherheit. Ökologisch-ökonomische Modellierung und Evaluierung volkswirtschaftlicher Politikoptionen

    Projekt: Forschung

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