@inproceedings{Muller2010Pitfalls,
abstract = {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 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.},
address = {Frankfurt a. M.},
author = {Birgit M\"{u}ller and Martin Quaas and Karin Frank and Stefan Baumg\"{a}rtner},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D81; G22; Q57; 330; ecological-economic modeling; weather-index insurance; Namibia; risk; weather-based derivatives; Africa},
language = {eng},
number = {D14-V3},
publisher = {Verein f\"{u}r Socialpolitik},
series = {Beitr\"{a}ge zur Jahrestagung des Vereins f\"{u}r Socialpolitik 2010: \"{O}konomie der Familie - Session: Empirical Studies in Development Economics},
title = {Pitfalls and potential of institutional change: Rain-index insurance and the sustainability of rangeland management},
url = {http://hdl.handle.net/10419/37149},
year = {2010}
}
