Bush encroachment control and risk management in semi-arid rangelands

Natalia Lukomska; Stefan Baumgärtner; Martin F. Quaas

Bush encroachment control and risk management in semi-arid rangelands

Research output: Working paper › Working papers

Standard

Bush encroachment control and risk management in semi-arid rangelands. / Lukomska, Natalia; Baumgärtner, Stefan; Quaas, Martin F.
Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2010. (University of Lüneburg Working Papers Series in Economics; No. 191).

Research output: Working paper › Working papers

Harvard

Lukomska, N, Baumgärtner, S & Quaas, MF 2010 'Bush encroachment control and risk management in semi-arid rangelands' University of Lüneburg Working Papers Series in Economics, no. 191, Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg.

APA

Lukomska, N., Baumgärtner, S., & Quaas, M. F. (2010). Bush encroachment control and risk management in semi-arid rangelands. (University of Lüneburg Working Papers Series in Economics; No. 191). Institut für Volkswirtschaftslehre der Universität Lüneburg.

Vancouver

Lukomska N, Baumgärtner S, Quaas MF. Bush encroachment control and risk management in semi-arid rangelands. Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg. 2010 Dec. (University of Lüneburg Working Papers Series in Economics; 191).

Bibtex

@techreport{9a01f66abf6d4e0ab05c68b56ca2bc33,

title = "Bush encroachment control and risk management in semi-arid rangelands",

abstract = "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. {\textcopyright} 2014 Elsevier Ltd.",

keywords = "Sustainability sciences, Management & Economics, bush encroachment, expected utility, farm income, intertemporal optimization, risk aversion, risk management, semi-arid rangeland, Economics, bush encroachment, expected utility, farm income, intertemporal optimization, risk aversion, risk management, semi-arid rangeland",

author = "Natalia Lukomska and Stefan Baumg{\"a}rtner and Quaas, {Martin F.}",

year = "2010",

month = dec,

language = "English",

series = "University of L{\"u}neburg Working Papers Series in Economics",

publisher = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

number = "191",

type = "WorkingPaper",

institution = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

}

RIS

TY - UNPB

T1 - Bush encroachment control and risk management in semi-arid rangelands

AU - Lukomska, Natalia

AU - Baumgärtner, Stefan

AU - Quaas, Martin F.

PY - 2010/12

Y1 - 2010/12

N2 - 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. © 2014 Elsevier Ltd.

AB - 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. © 2014 Elsevier Ltd.

KW - Sustainability sciences, Management & Economics

KW - bush encroachment

KW - expected utility

KW - farm income

KW - intertemporal optimization

KW - risk aversion

KW - risk management

KW - semi-arid rangeland

KW - Economics

KW - bush encroachment

KW - expected utility

KW - farm income

KW - intertemporal optimization

KW - risk aversion

KW - risk management

KW - semi-arid rangeland

UR - https://www.leuphana.de/fileadmin/user_upload/Forschungseinrichtungen/ifvwl/WorkingPapers/wp_191_Upload.pdf

M3 - Working papers

T3 - University of Lüneburg Working Papers Series in Economics

BT - Bush encroachment control and risk management in semi-arid rangelands

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -

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