A Model of Incentive Compatibility under Moral Hazard in Livestock Disease Outbreak Response
AbstractThis paper uses a principal-agent model to examine incentive compatibility in the presence of information asymmetry between the government and individual producers. Prior models of livestock disease have not incorporated information asymmetry between livestock managers and social planners. By incorporating the asymmetry, we investigate the role of incentives in producer behavior that influences the duration and magnitude of a disease epidemic.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2005 Annual meeting, July 24-27, Providence, RI with number 19200.
Date of creation: 2005
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livestock disease; moral hazard; principal-agent model; Institutional and Behavioral Economics;
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