IDEAS home Printed from https://ideas.repec.org/a/oup/erevae/v38y2011i4p529-551.html
   My bibliography  Save this article

Modelling pig sector dynamic adjustment to livestock epidemics with stochastic-duration trade disruptions

Author

Listed:
  • Jarkko K. Niemi
  • Heikki Lehtonen

Abstract

We use a stochastic dynamic programming model to simulate the market implications of alternative foot and mouth disease scenarios in the Finnish pig sector. The model considers the dynamics of animal stock adjustment and price movements when the duration of export disruptions is unknown. Explicit treatment of these issues is crucial in the economic analysis of livestock epidemics, especially if there is a risk of a prolonged export ban. Results suggest that the risk of a prolonged ban increases disease losses considerably. It also increases economic benefits from production adjustments. Oxford University Press and Foundation for the European Review of Agricultural Economics 2010; all rights reserved. For permissions, please email journals.permissions@oup.com, Oxford University Press.

Suggested Citation

  • Jarkko K. Niemi & Heikki Lehtonen, 2011. "Modelling pig sector dynamic adjustment to livestock epidemics with stochastic-duration trade disruptions," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 38(4), pages 529-551, October.
    • Handle: RePEc:oup:erevae:v:38:y:2011:i:4:p:529-551
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/erae/jbq047
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christine Wieck & Simon W. Schlüter & Wolfgang Britz, 2012. "Assessment of the Impact of Avian Influenza–related Regulatory Policies on Poultry Meat Trade and Welfare," The World Economy, Wiley Blackwell, vol. 35(8), pages 1037-1052, August.
    2. Johnson, Kamina K. & Hagerman, Amy D. & Thompson, Jada M. & Kopral, Christine A., 2015. "Factors Influencing Export Value Recovery after Highly Pathogenic Poultry Disease Outbreaks," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(A), pages 1-16, July.
    3. Alexandre Cordier & Jean Gohin & Stephane Krebs & Arnaud Rault, 2013. "Dynamic Impacts of a Catastrophic Production Event: The Foot‐and‐Mouth Disease Case," Risk Analysis, John Wiley & Sons, vol. 33(3), pages 480-492, March.
    4. Niemi, Jarkko K. & Liu, Xing & Pietola, Kyosti, 2011. "Price volatility and return on pig fattening under different price- quantity contract regimes," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114614, European Association of Agricultural Economists.
    5. Tong Wang & David A. Hennessy, 2015. "Strategic Interactions Among Private and Public Efforts When Preventing and Stamping Out a Highly Infectious Animal Disease," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 97(2), pages 435-451.
    6. Maksym, Volodymyr & Chemerys, Vasyl & Dushka, Vitalii & Dadak, Oksana & Martyniuk, Uliana, 2022. "Modeling of economic efficiency of pig farming in agricultural enterprises," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 8(3), September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:erevae:v:38:y:2011:i:4:p:529-551. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/eaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.