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Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
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http://hdl.handle.net/10419/30235
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| Title: | | Pitfalls and potential of institutional change: rain-index insurance and the sustainability of rangeland management  |
| Authors: | | Müller, Birgit Quaas, Martin Frank, Karin Baumgärtner, Stefan |
| Issue Date: | | 2009 |
| Series/Report no.: | | University of Lüneburg Working Paper Series in Economics 149 |
| 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, 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. |
| Subjects: | | Ecological-economic modeling weather-index insurance Namibia grazing management risk sustainability weather-based derivatives |
| JEL: | | D81 G22 Q14 Q56 Q57 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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