Abstract
This chapter deals with (1) designing an epidemic livestock insurance in such a way that farmers get the right incentives to behave in the interest of the collective; (2) designing a risk-financing model that deals with the systematic character of the risk and that considers a diminishing financial role for governments over time; and (3) rating the insurance by means of expert information and Monte Carlo simulation modelling to address data problems. The chapter has a European perspective and estimated premium rates apply to foot and mouth disease and hog cholera in the Netherlands.
Original language | English |
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Title of host publication | The economics of livestock disease insurance: concepts, issues and international case studies |
Editors | S.R. Koontz, D.L. Hoag, D.D. Thilmany, D. Green, J.L. Grannis |
Publisher | CABI |
Chapter | 10 |
Pages | 126-140 |
Number of pages | 15 |
ISBN (Print) | 9780851990774 |
DOIs | |
Publication status | Published - 2005 |