 EX ANTE VS. EX POST BIOTERRORISM MITIGATION: BETTER SAFE THAN SORRY?Levan Elbakidze and Bruce McCarl No 19191, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Abstract: This article examines a tradeoff between ex ante mitigation costs and ex post costs of response to a potential introduction of animal disease such as Foot and Mouth (FMD). In a simplified case study setting we examine the conditions for optimality of enhanced detection systems considering various characteristics of a potential FMD outbreak, costs of program implementation, severity of the disease outbreak, and relative effectiveness of surveillance and response strategies. We show that the decision to invest in ex ante detection activities depends on such factors as likelihood of disease introduction, disease spread rate, relative costs, ancillary benefits and effectiveness of mitigation strategies. While for slow spreading disease the investment in surveillance and detection was found to be optimal only for high probabilities of introduction, the investment was optimal even for low probabilities of outbreak occurrence for fast spreading disease. Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19191 Access Statistics for this paper More papers in 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC. |
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