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Pitfalls and potential of institutional change: Rain-index insurance and the sustainability of rangeland management

descriptionPublicationkeyboard_double_arrow_right Article , Journal , Research , Conference object , Preprint 01 Sep 2011 Germany Publisher:Elsevier BVJournal:Ecological Economics, volume 70, pages 2,137-2,144 (issn: 0921-8009,

Authors: Müller, Birgit; Quaas, Martin F.; Frank, Karin; Baumgärtner, Stefan;

doi: 10.1016/j.ecolecon.2011.06.011

Pitfalls and potential of institutional change: Rain-index insurance and the sustainability of rangeland management

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Abstract

Abstract Rain-index insurance is strongly advocated in many parts of the developing world to help farmers to cope with climatic risk that prevails in (semi-)arid rangelands due to low and highly uncertain rainfall. We present a modeling analysis of how the availability of rain-index insurance affects the sustainability of rangeland management. We show that a rain-index insurance with frequent payoffs, i.e. a high strike level, leads to the choice of less sustainable grazing management than without insurance available. However, rain-index insurance with a low to medium strike level enhances the farmer's well-being while not impairing the sustainability of rangeland management.

Country

Germany

Related Organizations

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Keywords

Risk, /dk/atira/pure/core/keywords/557389186; name=Economics, Weather-index insurance, Economics, /dk/atira/pure/core/keywords/558391192, weather-based derivatives, weather-index insurance, grazing management, /dk/atira/pure/core/keywords/557389186, risk, /dk/atira/pure/core/keywords/558391192; name=Sustainability sciences, Management & Economics, /dk/atira/pure/subjectarea/asjc/2300; name=Environmental Science(all), Ecological–economic modeling, sustainability, ecological-economic modelling, Q56, Namibia, Q57, Q14, D81, Africa, Sustainability sciences, Management & Economics, ecological-economic modeling, weather-index insurance, Namibia, grazing management, risk, sustainability, weather-based derivatives, /dk/atira/pure/core/keywords/558218865; name=Management studies, Ecological-economic modeling, ecological-economic modeling, G22, Grazing management, /dk/atira/pure/subjectarea/asjc/2000/2002; name=Economics and Econometrics, jel: jel:D81, jel: jel:G22, jel: jel:Q14, jel: jel:Q57, jel: jel:Q56, ddc: ddc:330

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	46
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%