@article{Bekkerman:132528,
      recid = {132528},
      author = {Bekkerman, Anton and Piggott, Nicholas E. and Goodwin,  Barry K. and Jefferson-Moore, Kenrett Y.},
      title = {A Market-based Mitigation Program for Wind-borne Diseases},
      journal = {Agricultural and Resource Economics Review},
      address = {2012-08},
      number = {1203-2016-95367},
      pages = {14},
      year = {2012},
      abstract = {Wind-borne diseases can spread rapidly and cause large  losses. Producers may have little incentive to prevent  disease spread because prevention may not be  welfare-maximizing. This study proposes a market-based  mitigation program that indemnifies producers against  disease-related losses and provides an incentive to  neighboring producers to take preventive action, which can  substantially mitigate infestations, reduce the likelihood  of catastrophic losses, and increase social welfare. An  equilibrium displacement model simulates introduction of  the program for U.S. soybeans. Simulations reveal that the  market-based solution contributes to minor market  distortions but also reduces social welfare losses and  could succeed for other at-risk commodities.},
      url = {http://ageconsearch.umn.edu/record/132528},
      doi = {https://doi.org/10.22004/ag.econ.132528},
}