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This study assesses the impacts of climate change on net livestock revenue, grazing intensity, and net revenue per livestock, based on a panel dataset of 959 herder households from 18 counties in three major pastoral provinces in China. The Ricardian model and the Hsiao two-step method are applied to quantify the impacts on household-level livestock production made by long-term changes of temperature and precipitation and short-term occurrence of natural disasters. The results indicate that long-term temperature leads to decreased net li
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