English, Article, Journal or magazine article edition: Livestock as insurance and social status. Evidence from reindeer herding in Norway Anne Borge Johannesen and Anders Skonhoft

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Bookmark: http://trove.nla.gov.au/version/211756
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Livestock as insurance and social status. Evidence from reindeer herding in Norway
Author
  • Anne Borge Johannesen and Anders Skonhoft
Physical Description
  • preprint
Notes
  • 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
  • RePEc:nst:samfok:10509
Language
  • English
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