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A stochastic approach to evaluating livestock marketing policy initiatives

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  • Baldwin, Katherine L.
  • Foster, Ken
  • Jones, Keithly

Abstract

The problems of pastoralist livestock marketing systems in East Africa are well-documented in the literature. They include poor transport infrastructure, inadequate market access and frequent rejection of animals at certain markets. Thus far, few studies have analyzed the effects of eliminating these problems. This study was based on household and market survey data from the community of Il Ngwesi in the Laikipia district of Kenya. Our decision analysis framework for pastoralist livestock producers uses a stochastic simulation model to evaluate how policies that mitigate these marketing problems affect pastoralist incomes and marketing patterns. We find that three of the five hypothetical policy simulations yield statistically significant improvements on the baseline marketing scenario.

Suggested Citation

  • 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), pages 1-14, September.
    • Handle: RePEc:ags:afjare:156963
    DOI: 10.22004/ag.econ.156963
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    References listed on IDEAS

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    Keywords

    Livestock Production/Industries; Marketing;

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