IDEAS home Printed from https://ideas.repec.org/p/ags/uqseah/164588.html
   My bibliography  Save this paper

Private Decisions in Livestock Disease Control and the Value of Additional Information about Animal Health

Author

Listed:
  • Ramsay, Gavin
  • Harrison, Steve
  • Tisdell, Clem

Abstract

This paper develops a method for estimating the value of additional information to the individual livestock producer. In doing so it considers as part of the decision made by the farmer to vaccinate animals against B. bovis the decision to collect information on the health status of his herd using serological sampling. Bayesian decision theory is used in this paper. Bayesian decision theory combines statistical and economic information to assist in identifying optimal management policies. This approach has been used in a number of situations in animal health decision making, for example Williamson, 1975; Elder and Morris, 1986; Fetrow et al., 1985; Parsons et al., 1986. This paper firstly examines the private use of animal health information then the relationship between the cost of gathering information and the value of the information. This is followed discussion about decisions to gather additional information. A method to determine the optimal sample size is examined and applied.

Suggested Citation

  • 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.
  • Handle: RePEc:ags:uqseah:164588
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/164588
    Download Restriction: no

    References listed on IDEAS

    as
    1. Ramsay, Gavin, 1997. "Assessing the Effect of Vaccination on Disease Incidence and Severity," Animal Health Economics 164585, University of Queensland, School of Economics.
    2. 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.
    3. 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.
    4. Ramsay, Gavin, 1996. "Animal Health Information Systems," Animal Health Economics 164576, University of Queensland, School of Economics.
    5. 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.
    6. 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.
    7. Harrison, Steve & Tisdell, Clem, 1995. "The Role of Animal Health Programs in Economic Development," Animal Health Economics 164520, University of Queensland, School of Economics.
    8. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Livestock health; Bayesian decision theory; Animal health information; animal vaccination; Health Economics and Policy; Livestock Production/Industries; Risk and Uncertainty; Q12; Q16;

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services

    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:ags:uqseah:164588. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/decuqau.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.