Market implications of FMD epidemics in the Finnish pig sector: Does market structure matter?

Jarkko K. Niemi, Heikki Lehtonen, Tapani Lyytikainen and E. Kallio

No 43837, 2008 International Congress, August 26-29, 2008, Ghent, Belgium from European Association of Agricultural Economists

Abstract: This paper examines the role of market coordination and market distortions caused by a hypothetical FMD outbreak in the Finnish pig sector. By using stochastic dynamic programming, it simulates the consequences of two outbreak scenarios (large vs. small) under two distinct market regimes (competitive market vs. monopoly in the domestic supply). Simulated losses depend on the magnitude of outbreak and expected duration of possible turndown of meat exports, whereas market regime has a limited impact.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 5
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae08:43837

DOI: 10.22004/ag.econ.43837

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