For most of the contagious livestock diseases, the disease prevalence rates among farms are interrelated. This article develops a principal multi-agent model to study the optimal livestock indemnity design in face of common uncertainties. Our results indicate that the indemnity scheme taking...

The industrialization of animal agriculture has fundamentally transformed animal health markets while animal health innovations have promoted this industrialization. The subtlety of these interactions shows how little we know about agricultural industrialization. To illustrate, we consider three...

Upon outbreak of a contagious animal disease, a primary motive for restoring disease-free status is often to regain access to international product markets. Efforts applied toward continuing or regaining such access is a public good-all growers benefit regardless of extent of private efforts...

Upon outbreak of a contagious animal disease, a primary motive for restoring disease-free status is often to regain access to international product markets. Efforts applied toward continuing or regaining such access is a public good; all growers benefit regardless of extent of private efforts...