Pitfalls and potential of institutional change: rain-index insurance and the sustainability of rangeland management
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2009. (Working paper series in economics; No. 149).
Research output: Working paper › Working papers
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TY - UNPB
T1 - Pitfalls and potential of institutional change
T2 - rain-index insurance and the sustainability of rangeland management
AU - Müller, Birgit
AU - Quaas, Martin
AU - Frank, Karin
AU - Baumgärtner, Stefan
N1 - Literaturverz. S. 17 - 21. - Parallel als Online-Ausg. erschienen unter der Adresse http://www.leuphana.de/fileadmin/user_upload/Forschungseinrichtungen/ifvwl/WorkingPapers/wp_149_Upload.pdf : October 2009
PY - 2009
Y1 - 2009
N2 - Rain-index insurance is strongly advocated in many parts of the developing world to help farmers to cope with climatic risk that prevail in (semi-)arid rangelands due to low and highly uncertain rainfall. We present a modeling analysis of how the availability of rain-index insurance a_ects the sustainability of rangeland management. We show that a rain-index insurance with frequent payo_s, i.e. a high strike level, leads to the choice of less sustainable grazing management than without insurance available. However, a rain-index insurance with a low to medium strike level enhances the farmer's well-being while not impairing the sustainability of rangeland management.
AB - Rain-index insurance is strongly advocated in many parts of the developing world to help farmers to cope with climatic risk that prevail in (semi-)arid rangelands due to low and highly uncertain rainfall. We present a modeling analysis of how the availability of rain-index insurance a_ects the sustainability of rangeland management. We show that a rain-index insurance with frequent payo_s, i.e. a high strike level, leads to the choice of less sustainable grazing management than without insurance available. However, a rain-index insurance with a low to medium strike level enhances the farmer's well-being while not impairing the sustainability of rangeland management.
KW - Sustainability sciences, Management & Economics
KW - ecological-economic modeling
KW - weather-index insurance
KW - Namibia
KW - grazing management
KW - risk
KW - sustainability
KW - weather-based derivatives
KW - ecological-economic modelling
KW - weather-index insurance
KW - Namibia
KW - grazing management
KW - risk
KW - sustainability
KW - weather-based derivatives
KW - Economics
KW - ecological-economic modeling
KW - weather-index insurance
KW - Namibia
KW - grazing management
KW - risk
KW - sustainability
KW - weather-based derivatives
M3 - Working papers
T3 - Working paper series in economics
BT - Pitfalls and potential of institutional change
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -