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A platform for research: civil engineering, architecture and urbanism
Pitfalls and potential of institutional change:rain-index insurance and the sustainability of rangeland management
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. ; 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.
Pitfalls and potential of institutional change:rain-index insurance and the sustainability of rangeland management
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. ; 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.
Pitfalls and potential of institutional change:rain-index insurance and the sustainability of rangeland management
Müller, Birgit (author) / Quaas, Martin (author) / Frank, Karin (author) / Baumgärtner, Stefan (author)
2009-01-01
Müller , B , Quaas , M , Frank , K & Baumgärtner , S 2009 ' Pitfalls and potential of institutional change : rain-index insurance and the sustainability of rangeland management ' Working paper series in economics , no. 149 , Institut für Volkswirtschaftslehre der Universität Lüneburg , Lüneburg .
Paper
Electronic Resource
English
risk , sustainability , weather-index insurance , ecological-economic modelling , Economics , ecological-economic modeling , Sustainability sciences , grazing management , Namibia , Management & Economics , /dk/atira/pure/core/keywords/557389186 , /dk/atira/pure/core/keywords/558391192 , weather-based derivatives
The claim game: Avoid insurance pitfalls
British Library Online Contents | 2007
The claim game - Avoid insurance pitfalls
Online Contents | 2007