Lukomska, Natalia, Quaas, Martin and Baumgaertner, Stefan (2014) Bush encroachment control and risk management in semi-arid rangelands. Journal of Environmental Management, 145 . pp. 24-34. DOI 10.1016/j.jenvman.2014.06.005.

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Abstract

We study the role of bush encroachment control for a farmer's income and income risk in a stochastic ecological-economic model of grazing management in semi-arid rangelands. In particular, we study debushing as an instrument of risk management that complements the choice of an adaptive grazing management strategy for that sake. We show that debushing, while being a good practice for increasing the mean pasture productivity and thus expected income, also increases the farmer's income risk. The optimal extent of debushing for a risk-averse farmer is thus determined from balancing the positive and negative consequences of debushing on intertemporal and stochastic farm income. (C) 2014 Elsevier Ltd. All rights reserved.

Document Type:	Article
Additional Information:	Times Cited: 0 Quaas, Martin/C-4220-2012 Quaas, Martin/0000-0003-0812-8829 0
Keywords:	Bush encroachment, Expected utility, Farm income, Intertemporal optissmization, Risk aversion, Risk management, Semi-arid rangeland
Research affiliation:	OceanRep > The Future Ocean - Cluster of Excellence > FO-R03 Kiel University Kiel University > Kiel Marine Science OceanRep > The Future Ocean - Cluster of Excellence OceanRep > The Future Ocean - Cluster of Excellence > FO-R06 OceanRep > The Future Ocean - Cluster of Excellence > FO-R02
Refereed:	Yes
Open Access Journal?:	No
Publisher:	Elsevier
Projects:	Future Ocean
Date Deposited:	30 Mar 2015 12:33
Last Modified:	23 Sep 2019 20:12
URI:	https://oceanrep.geomar.de/id/eprint/27817

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