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Will an incentive‐compatible indemnity policy please stand up? Livestock producer willingness to self‐protect
Author(s) -
Tonsor Glynn T.,
Schulz Lee L.
Publication year - 2020
Publication title -
transboundary and emerging diseases
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.392
H-Index - 63
eISSN - 1865-1682
pISSN - 1865-1674
DOI - 10.1111/tbed.13626
Subject(s) - indemnity , biosecurity , incentive , livestock , business , public economics , willingness to pay , multitude , actuarial science , economics , political science , medicine , ecology , pathology , law , biology , microeconomics
This study evaluates the role of private market signals and conditional indemnity policies in livestock producer willingness to self‐protect against disease and invest more in biosecurity. Our focus on Tier 1 swine diseases and U.S. hog producer decision‐making is timely and informative for a multitude of current disease discussions. We find biosecurity effort adjusts to economic incentives in private, livestock markets and public, indemnity policies.