Animal Disease Pre-Event Preparedness versus Post-Event Response: When Is It Economic to Protect?

Levan Elbakidze and Bruce McCarl

Journal of Agricultural and Applied Economics, 2006, vol. 38, issue 2, 327-336

Abstract: We examine the economic tradeoff between the costs of pre-event preparedness and post-event response to the potential introduction of an infectious animal disease. In a simplified case study setting, we examine the conditions for optimality of an enhanced pre-event detection system considering various characteristics of a potential infectious cattle disease outbreak, costs of program implementation, severity of the disease outbreak, and relative effectiveness of postevent response actions. We show that the decision to invest in pre-event preparedness activities depends on such factors as probability of disease introduction, disease spread rate, relative costs, ancillary benefits, and effectiveness of mitigation strategies.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:38:y:2006:i:02:p:327-336_02

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