Reindeer husbandry, the Swedish market for reindeer meat, and the Chernobyl effects

Reindeer husbandry is a cornerstone in the culture of the Sami, northern Sc andinavia's indigenous people. This paper presents a dynamic, theoretical m odel of the Swedish reindeer husbandry and the market for reindeer meat, as well as econometric results based on three-stage least squares regression on annual data. The most striking feature of the empirical results is a "ba ckward-sloping" supply function, which is consistent with the theoretical m odel. The results also show effects of the Chernobyl accident. Prevailing w inds at the time of the accident carried radioactive fallout over the grazi ng areas for the Swedish reindeer husbandry, causing effects on both supply and demand. (C) 2001 Elsevier Science B.V. All rights reserved.