Conservation, risk aversion, and livestock insurance: The case of the snow leopard

Livestock insurance consists of livestock owners pooling resources together in order to hedge against the risk attacks by predators on their individual herds. We use an economic model study optimal and discuss its viability improving outcomes for owners. The benefit from depends owners' level aversion. calibrate using data Project Snow Leopard investigate potential achieving conservation goals. predicts that leopard killings would decline under proposed contract. degree Our analysis calls surveys measure aversion local be conducted any situation where is considered as a policy towards Finally, we how scheme could implemented practice.