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Assessing the Approach to Cost-Benefit Analysis of Controlling Livestock Diseases of McInerney and Others

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  • Tisdell, Clem

Abstract

Outlines the basic cost-benefit analysis of Mcinerney of the optimal control of livestock diseases and presents it in a different and more readily understood form. Furthermore, this analysis is extended to discussions about the control of several diseases, for example, how to allocate available funds between the control of several diseases if net benefits are to be maximized. McInerney assumes that there is diminishing marginal net benefit from increased expenditure on the control of any livestock disease. However, this is too restrictive. It is possible that marginal net benefit at first increases and then decreases with increased expenditure on the control of some livestock diseases, and other possibilities also cannot be ruled out. The consequences of relaxing McInerney’s assumption about the nature of this net benefit curve are considered. Although it is true that indiscriminate use of benefit-cost ratios about the economics of control of livestock diseases, can lead to misleading policy advice as McInerney has claimed, they play a useful role in determining whether it is economical to control a livestock disease at all and in allocating priorities to the control of different livestock diseases. Priority should be given to controlling those diseases that are capable of yielding the highest benefit-cost ratios but it does not follow that the benefit-cost ratio of any disease targeted for control should be maximized.

Suggested Citation

  • Tisdell, Clem, 1995. "Assessing the Approach to Cost-Benefit Analysis of Controlling Livestock Diseases of McInerney and Others," Animal Health Economics 164425, University of Queensland, School of Economics.
  • Handle: RePEc:ags:uqseah:164425
    DOI: 10.22004/ag.econ.164425
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    as
    1. Murphy, Thomas & Tisdell, Clem, 1995. "Overview of Pigs and Poultry: Specific Livestock Industries, Livestock Diseases and Policies in Thailand," Animal Health Economics 164523, University of Queensland, School of Economics.
    2. Purcell, Tim & Karunaratne, Neil & Tisdell, Clem, 1997. "Macroeconomic Effects of Disease Control in the Thailand Livestock Sector - A CGE Analyis," Animal Health Economics 164581, University of Queensland, School of Economics.
    3. Ramsay, Gavin, 1997. "Assessing the Effect of Vaccination on Disease Incidence and Severity," Animal Health Economics 164585, University of Queensland, School of Economics.
    4. Tisdell, Clem, 1996. "Economics of Investing in the Health of Livestock: New Insights," Animal Health Economics 164580, University of Queensland, School of Economics.
    5. Murphy, Thomas, 1996. "Optimal Livestock Disease Control Models and Their Possible Application to Thailand," Animal Health Economics 164566, University of Queensland, School of Economics.
    6. Murphy, Thomas & Tisdell, Clem, 1996. "Livestock and Livestock Health in Northern Thailand: A Socio-economic Analysis of a cross sectional Survey of Villlages," Animal Health Economics 164524, University of Queensland, School of Economics.
    7. Harrison, Steve, 1996. "Cost Benefit Analysis with Applications to Animal Health Programmes: Basics of CBA," Animal Health Economics 164568, University of Queensland, School of Economics.
    8. Ramsay, Gavin, 1996. "Animal Health Information Systems," Animal Health Economics 164576, University of Queensland, School of Economics.
    9. Murphy, Thomas, 1996. "Foot and Mouth Disease: An Overview of its Global Status, Control Policies and the Thai Case," Animal Health Economics 164563, University of Queensland, School of Economics.
    10. Ramsay, Gavin, 1997. "Modelling to Predict Disease and Severity Using Age Specific Seroprevalence Data," Animal Health Economics 164584, University of Queensland, School of Economics.
    11. Tisdell, Clem, 1995. "Assessing the Approach to Cost-Benefit Analysis of Controlling Livestock Diseases of McInerney and Others," Animal Health Economics 164425, University of Queensland, School of Economics.
    12. Tisdell, Clem, 1996. "On the Economics of Maintaining the Health of Livestock with Thai Examples," Animal Health Economics 164579, University of Queensland, School of Economics.
    13. Ramsay, Gavin & Harrison, Steve & Tisdell, Clem, 1997. "Private Decisions in Livestock Disease Control and the Value of Additional Information about Animal Health," Animal Health Economics 164588, University of Queensland, School of Economics.
    14. Black, Peter, 1997. "Termination Report: Improved Methods in Diagnosis, Epidemiology, Economics and Information Management in Australia and Thailand," Animal Health Economics 164592, University of Queensland, School of Economics.
    15. Harrison, Steve & Tisdell, Clem, 1995. "The Role of Animal Health Programs in Economic Development," Animal Health Economics 164520, University of Queensland, School of Economics.
    16. Harrison, Steve, 1996. "Cost-Benefit Analysis with Applications to Animal Health Programmes: Complexities of CBA," Animal Health Economics 164569, University of Queensland, School of Economics.
    17. Harrison, Steve, 1996. "Cost-Benefit Analysis with Applications to Animal Health Programmes: Spreadsheet Implementation of Discounted Cash Flow and Risk Analysis," Animal Health Economics 164571, University of Queensland, School of Economics.
    18. Murphy, Thomas, 1996. "A Review of the Economics of Controlling Diseases in Livestock and the Modelling of Control Policies," Animal Health Economics 164565, University of Queensland, School of Economics.
    19. Ramsay, Gavin & Tisdell, Clem & Harrison, Steve, 1997. "The Distribution of Benefits from Improved Animal Health Decision Making as a Result of the Collection of Additional Animal Health Information," Animal Health Economics 164589, University of Queensland, School of Economics.
    20. Kehren, Tatjana & Tisdell, Clem, 1996. "Women and Common Property Resources in the Management and Health of Livestock in Thai Villages," Animal Health Economics 164575, University of Queensland, School of Economics.
    21. Tisdell, Clem, 1994. "Animal Health and the Control of Diseases: Economic Issues with Particular Referene to a Developing Country," Animal Health Economics 164424, University of Queensland, School of Economics.
    22. Tisdell, Clem & Harrison, Steve, 1995. "Livestock, the Environment and Sustainable Development with Illustrations of Issues from Thailand," Animal Health Economics 164428, University of Queensland, School of Economics.
    23. Davis, Rex, 1997. "A Review of Economic Evaluations of Government Policies for the Control of Cattle Tick," Animal Health Economics 164583, University of Queensland, School of Economics.
    24. Kehren, Tatjana & Tisdell, Clem, 1997. "The Thai Dairy Industry: Its Economic Evolution Raised by Land Rights and Cattle Diseases," Animal Health Economics 164582, University of Queensland, School of Economics.
    25. Harrison, Steve, 1996. "Cost-Benefit Analysis with Applications to Animal Health Programmes: Animal Health Programmes and Information Systems," Animal Health Economics 164574, University of Queensland, School of Economics.
    26. Davis, Rex, 1996. "An Overview of the Status of Cattle Tick Boophilus microplus in Queensland," Animal Health Economics 164564, University of Queensland, School of Economics.
    27. Kehren, Tatjana & Tisdell, Clem, 1997. "An Overview of the Occurrence of FMD in Thailand and Policies for its Control," Animal Health Economics 164590, University of Queensland, School of Economics.
    28. Harrison, Steve, 1996. "Cost-Benefit Analysis with Applications to Animal Health Programmes: Allowing for Project Risk in CBA," Animal Health Economics 164572, University of Queensland, School of Economics.
    29. Murphy, Thomas & Tisdell, Clem, 1996. "An Overview of Trends and Developments in the Thai Dairy Industry," Animal Health Economics 164567, University of Queensland, School of Economics.
    30. Ramsay, Gavin, 1996. "Collecting Animal Health Data for Cattle Properties in Extensive Grazing Systems," Animal Health Economics 164577, University of Queensland, School of Economics.
    31. Harrison, Steve, 1996. "Cost-Benefit Analysis with Applications to Animal Health Programmes: Valuation of Non-Market Costs and Benefits," Animal Health Economics 164573, University of Queensland, School of Economics.
    32. Davis, Rex, 1996. "A review and Extension of Economic Pest Control Model Incorporating Multi-Pest Species and Insect Resistance," Animal Health Economics 164525, University of Queensland, School of Economics.
    33. Tisdell, Clem & Ramsay, Gavin, 1995. "The Economics of Vaccinating or Dosing Cattle against Disease: A Simple Linear Cost-Benefit Model with Modifications," Animal Health Economics 164426, University of Queensland, School of Economics.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Health Economics and Policy; Livestock Production/Industries;

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