Modelling the Impact of Compulsory FMD Insurance

Torbjorn Jansson, Bo Norell and Ewa Rabinowicz

No 24519, 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark from European Association of Agricultural Economists

Abstract: This paper compares two ways of financing the combating of Foot and Mouth Disease (FMD) in the EU and uses a simulation model to determine the welfare and production implications of the two systems. The two systems analysed are (i) financing by the tax payers, resembling the system currently in place, and (ii) a compulsory insurance scheme where all costs are converted into regionally differentiated insurance premiums that are paid by the producers. The analysis indicates that welfare gains may be realised by shifting from the former to the latter financing system.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 15
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae05:24519

DOI: 10.22004/ag.econ.24519

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