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Individual and Collective Rationality in Pastoral Production: Evidence From Northern Kenya
Authors:John?McPeak  author-information"  >  author-information__contact u-icon-before"  >  mailto:jomcpeak@maxwell.syr.edu"   title="  jomcpeak@maxwell.syr.edu"   itemprop="  email"   data-track="  click"   data-track-action="  Email author"   data-track-label="  "  >Email author
Affiliation:(1) Departments of Public Administration and Economics, 336 Eggers Hall, Syracuse University, Syracuse, New York, 13244
Abstract:This study explores the individual and collective rationality of livestock accumulation in pastoral production using data gathered in northern Kenya. Results suggest accumulating wealth in livestock even when facing the prospect of sudden dramatic loss makes sense at the household level, and that there is limited empirical support to the contention that herd accumulation at the household level imposes a cost on other households. I conclude by arguing the record of failure in pastoral development may be at least partially due to a faulty conceptual foundation, and suggest facilitating herd accumulation may offer more promise than discouraging it.
Keywords:herd accumulation  risk management  negative externalities  common property  pastoralism
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