Rain-index insurance is strongly advocated in many parts of the developing world to help farmers coping with climatic risk that prevails in (semi-)arid rangelands due to low and highly uncertain rainfall. We present a modeling analysis of how the availability of rain-index insurance affects the...

We study optimal adaptive grazing management under uncertain rainfall in a discrete-time model. As in each year actual rainfall can be observed during the short rainy season, and grazing management can be adapted accordingly for the growing season, the closed-loop solution of the stochastic...

Cover -- Contents -- Foreword -- Acknowledgments -- About the Editors -- About the Authors -- Abbreviations -- Overview -- Scope of inquiry: Focus of this book -- Conceptual framework: The determinants of resilience -- Vulnerability in drylands if transformation is not managed -- Options for...