Luke
 

The value of market uncertainty in a livestock epidemic

dc.contributor.authorNiemi, Jarkko K.-
dc.contributor.authorLehtonen, Heikki-
dc.contributor.departmentMaa- ja elintarviketalouden tutkimuskeskus (MTT) / TAL Taloustutkimus / Yritystalous YTT / Yritystalous (YRI)-
dc.contributor.departmentMaa- ja elintarviketalouden tutkimuskeskus (MTT) / TAL Taloustutkimus / Maatalouspolitiikka ja markkinat MTP / Maatalouspolitiikka ja markkinat (MPO)-
dc.date.accepted2008-11-14-
dc.date.accessioned2013-03-19T11:04:49Z
dc.date.accessioned2025-05-29T05:55:52Z
dc.date.available2013-03-19T11:04:49Z
dc.date.created2008-11-06-
dc.date.issued2008-
dc.description.abstractIntroduction of foot and mouth disease (FMD) into country typically initiates eradication procedures which remove animals from the market, and halts the export of livestock products from the infected country. The magnitude of these effects can be highly uncertain. This paper presents a stochastic dynamic programming model which simulates possible market implications of alternative FMD and export scenarios in the Finnish pig sector. It takes into account dynamics and adjustment of the animal stock, price movements and uncertainty related to the duration of the trade ban. Results suggest that losses to pig producers can increase considerably when the risk of prolonged export ban increases. Production adjustments also strengthen. Consumers can gain from a trade ban, because options to adjust supply in the short run are limited.en
dc.description.dacok-
dc.description.stav-
dc.formatVerkkojulkaisu-
dc.format.bitstreamfalse
dc.format.pagerange30 p-
dc.identifier.olddbid415531
dc.identifier.oldhandle10024/474549
dc.identifier.urihttps://jukuri.luke.fi/handle/11111/60551
dc.identifier.urlhttp://purl.umn.edu/6158-
dc.languageeng-
dc.publisher.placeus-
dc.relation.conferenceThe American Agricultural Economics Association 2008 Annual Meeting; Orlando, 2008-
dc.relation.ispartofseriesSelected Paper-
dc.relation.numberinseries469517-
dc.source.identifierhttps://jukuri.luke.fi/handle/10024/474549
dc.subject.agriforssuu- ja sorkkatauti-
dc.subject.agriforsepidemia-
dc.subject.agriforskotieläimet-
dc.subject.agriforssika-
dc.subject.agriforstappiot-
dc.subject.agriforshinnat-
dc.subject.agriforsmarkkinat-
dc.subject.agriforsvienti-
dc.subject.agriforskysyntä-
dc.subject.agriforstarjonta-
dc.subject.agriforstappiot-
dc.subject.agrovocfoot and mouth disease-
dc.subject.agrovocepidemics-
dc.subject.agrovoclivestock-
dc.subject.agrovocswine-
dc.subject.agrovoclosses-
dc.subject.agrovocprices-
dc.subject.agrovocmarkets-
dc.subject.agrovocexports-
dc.subject.agrovocdemand-
dc.subject.agrovocsupply-
dc.subject.agrovoclosses-
dc.subject.finagriKo-
dc.subject.finagriMa-
dc.subject.fteLivestock epidemics-
dc.subject.ftedynamic programming-
dc.subject.ftepigs-
dc.subject.keywordstokastinen dynaaminen ohjelmointi-
dc.subject.keywordepävarmuus-
dc.teh21100020-
dc.titleThe value of market uncertainty in a livestock epidemic-
dc.typeb-
dc.type.bib4. Kokous- seminaari- ja vuosikirjajulkaisut-
dc.type.okmfi=B3 Vertaisarvioimaton artikkeli konferenssijulkaisussa|sv=B3 Icke-referentgranskad artikel i konferenspublikation|en=B3 Non-refereed conference proceedings|-

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