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

Listed author(s):
  • Ramsay, Gavin
  • Harrison, Steve
  • Tisdell, Clem

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.

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Paper provided by University of Queensland, School of Economics in its series Animal Health Economics with number 164588.

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Date of creation: Apr 1997
Handle: RePEc:ags:uqseah:164588
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  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.
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