Livestock of different species fulfill different functions. Depending on their livelihood strategies, households differ in their choice of type of animal to keep and accumulation of the chosen animal overtime. This paper investigates the dynamic behavior of rural households’ livestock holding...

Households in developing countries face a wide range of hardships that make their environment risky. In the absence or incompleteness of formal financial and insurance markets to ensure risk, rural households engage in a wide variety of informal networks to ensure themselves against consumption...