caa a22 4500 445855010 CHVBK 20180317145425.0 cr unu---uuuuu 170323e20110401xx s 000 0 eng 10.1007/s10640-010-9421-2 doi (NATIONALLICENCE)springer-10.1007/s10640-010-9421-2 Livestock as Insurance and Social Status: Evidence from Reindeer Herding in Norway [Elektronische Daten] [Anne Johannesen, Anders Skonhoft] The theory of livestock as a buffer stock predicts that agropastoralists facing substantial risks will typically 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 slaughter responses to a hypothetical meat price increase, we test whether keeping reindeer as insurance against risks affects the slaughter response. Furthermore, we examine whether status motives for keeping large herds affect the harvest response to a changing slaughter price. As a background to the empirical analysis, a stochastic bioeconomic model describing Saami reindeer herding is formulated. The Author(s), 2010 Pastoralism nationallicence Social status nationallicence Uncertainty nationallicence Johannesen Anne Department of Economics, Norwegian University of Science and Technology, 7491, Trondheim, Norway aut Skonhoft Anders Department of Economics, Norwegian University of Science and Technology, 7491, Trondheim, Norway aut Environmental and Resource Economics Springer Netherlands 48/4(2011-04-01), 679-694 0924-6460 48:4<679 2011 48 10640 https://doi.org/10.1007/s10640-010-9421-2 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-010-9421-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Johannesen Anne Department of Economics, Norwegian University of Science and Technology, 7491, Trondheim, Norway aut NATIONALLICENCE 700 1- Skonhoft Anders Department of Economics, Norwegian University of Science and Technology, 7491, Trondheim, Norway aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 48/4(2011-04-01), 679-694 0924-6460 48:4<679 2011 48 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer