Livestock as insurance and social status. Evidence from reindeer herding in Norway
The theory of livestock as a buffer stock predicts that agropastoralists facing substantial risks typically will use liquid assets, such as livestock, for self-insurance to smooth consumption. This paper examines this hypothesis for reindeer herders in Norway where the herders, in contrast to pastor...
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ftrepec:oai:RePEc:nst:samfok:10509 2024-04-14T08:18:49+00:00 Livestock as insurance and social status. Evidence from reindeer herding in Norway Anne Borge Johannesen Anders Skonhoft http://www.svt.ntnu.no/iso/WP/2009/8_ManuscriptI.pdf unknown http://www.svt.ntnu.no/iso/WP/2009/8_ManuscriptI.pdf preprint ftrepec 2024-03-19T10:38:12Z The theory of livestock as a buffer stock predicts that agropastoralists facing substantial risks typically will use liquid assets, such as livestock, for self-insurance to smooth consumption. This paper examines this hypothesis for reindeer herders in Norway where the herders, in contrast to pastoralists in, say, Sub-Saharan Africa, face well functioning credit markets. Using survey data including slaughtering responses to a hypothetical meat price increase, we test whether keeping reindeer as insurance against risks affects the slaughter response. Furthermore, we study whether status motives for keeping large herds affect the harvest response to a changing slaughter price. As a background for the empirical analysis, a stochastic bioeconomic model describing Saami reindeer herding is formulated Report saami RePEc (Research Papers in Economics) Norway Slaughter ENVELOPE(-85.633,-85.633,-78.617,-78.617) |
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RePEc (Research Papers in Economics) |
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The theory of livestock as a buffer stock predicts that agropastoralists facing substantial risks typically will use liquid assets, such as livestock, for self-insurance to smooth consumption. This paper examines this hypothesis for reindeer herders in Norway where the herders, in contrast to pastoralists in, say, Sub-Saharan Africa, face well functioning credit markets. Using survey data including slaughtering responses to a hypothetical meat price increase, we test whether keeping reindeer as insurance against risks affects the slaughter response. Furthermore, we study whether status motives for keeping large herds affect the harvest response to a changing slaughter price. As a background for the empirical analysis, a stochastic bioeconomic model describing Saami reindeer herding is formulated |
format |
Report |
author |
Anne Borge Johannesen Anders Skonhoft |
spellingShingle |
Anne Borge Johannesen Anders Skonhoft Livestock as insurance and social status. Evidence from reindeer herding in Norway |
author_facet |
Anne Borge Johannesen Anders Skonhoft |
author_sort |
Anne Borge Johannesen |
title |
Livestock as insurance and social status. Evidence from reindeer herding in Norway |
title_short |
Livestock as insurance and social status. Evidence from reindeer herding in Norway |
title_full |
Livestock as insurance and social status. Evidence from reindeer herding in Norway |
title_fullStr |
Livestock as insurance and social status. Evidence from reindeer herding in Norway |
title_full_unstemmed |
Livestock as insurance and social status. Evidence from reindeer herding in Norway |
title_sort |
livestock as insurance and social status. evidence from reindeer herding in norway |
url |
http://www.svt.ntnu.no/iso/WP/2009/8_ManuscriptI.pdf |
long_lat |
ENVELOPE(-85.633,-85.633,-78.617,-78.617) |
geographic |
Norway Slaughter |
geographic_facet |
Norway Slaughter |
genre |
saami |
genre_facet |
saami |
op_relation |
http://www.svt.ntnu.no/iso/WP/2009/8_ManuscriptI.pdf |
_version_ |
1796318365609885696 |