Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Tragedy of the Commons, Livestock Cycles and Sustainability

Contents:

Author Info

  • Fafchamps, Marcel

Abstract

This paper revisits the tragedy of the commons and examines the conditions under which externalities contribute to livestock cycles. Using a stylised intertemporal model capturing the main characteristics of African livestock producers, we show that externalities magnify livestock cycles triggered by occasional droughts. This is true even when producers are fully rational. Two forces fuel such cycles: producers' concerns with consumption smoothing; and expected capital gains when demand for livestock products is inelastic. Implications regarding African livestock production are discussed. Copyright 1998 by Oxford University Press.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Article provided by Centre for the Study of African Economies (CSAE) in its journal Journal of African Economies.

Volume (Year): 7 (1998)
Issue (Month): 3 (October)
Pages: 384-423

as in new window
Handle: RePEc:oup:jafrec:v:7:y:1998:i:3:p:384-423

Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Phone: +44-(0)1865 271084
Fax: 01865 267 985
Email:
Web page: http://www.jae.oupjournals.org/
More information through EDIRC

Order Information:
Web: http://www.oup.co.uk/journals

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Kabubo-Mariara, Jane, 2009. "Global warming and livestock husbandry in Kenya: Impacts and adaptations," Ecological Economics, Elsevier, vol. 68(7), pages 1915-1924, May.
  2. Lybbert, Travis J. & Barrett, Christopher B. & Desta, Solomon & Coppock, D. Layne, 2002. "Stochastic Wealth Dynamics And Risk Management Among A Poor Population," Working Papers 14736, Cornell University, Department of Applied Economics and Management.
  3. Baldwin, Katherine L. & Foster, Ken & Jones, Keithly, 2011. "A stochastic approach to evaluating livestock marketing policy initiatives," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 6(2), September.
  4. Verpoorten, Marijke, 2009. "Household coping in war- and peacetime: Cattle sales in Rwanda, 1991-2001," Journal of Development Economics, Elsevier, vol. 88(1), pages 67-86, January.
  5. McCarthy, Nancy & Dutilly-Diane, Céline & Drabo, Boureima, 2002. "Cooperation, collective action and natural resources management in Burkina Faso: a methodological note," CAPRi working papers 27, International Food Policy Research Institute (IFPRI).
  6. Christopher B. Barrett & Francis Chabari & DeeVon Bailey & Peter D. Little & D. Layne Coppock, 2003. "Livestock Pricing in the Northern Kenyan Rangelands," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 12(2), pages 127-155, June.
  7. Baldwin, Katherine L. & DeVeau, Vanessa & Foster, Kenneth A. & Marshall, Maria I., 2008. "Traits Affecting Household Marketing Decisions in Rural Kenya," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6445, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:oup:jafrec:v:7:y:1998:i:3:p:384-423. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.