摘要：This paper uses detailed, transactions-level data and a structural-heteroskedasticity-in-mean model to identify the determinants of livestockproducer prices for pastoralists in the drylands of northern Kenya. The empiricalresults confirm the importance of animal characteristics, periodic events thatpredictably shift local demand or supply, and especially rainfall on the pricespastoralists receive for animals. Price risk premia are consistently negative in theselivestock markets. The imposition of quarantines has a sharp negative effect onexpected producer prices in the pastoral areas, revealing a distributionallyregressive approach to animal disease control in Kenya.
