@article{Tisdell:164426,
      recid = {164426},
      author = {Tisdell, Clem and Ramsay, Gavin},
      title = {The Economics of Vaccinating or Dosing Cattle against  Disease: A Simple Linear Cost-Benefit Model with  Modifications},
      address = {1995-05},
      number = {1739-2016-140443},
      series = {Research Papers and Reports in Animal Health Economics},
      pages = {9},
      year = {1995},
      abstract = {Outlines a simple linear cost-benefit model for  determining whether it is economic at the farm-level to  vaccinate or dose a batch of livestock against a disease.  This model assumes that total benefits and costs are  proportional to the number of animals vaccinated. This  model is then modified to allow for the possibility of  programmes of vaccination or disease prevention involving  start-up costs which increase, but at a decreasing rate  with batch size or with the size of the herd to be  vaccinated. In this case, vaccination is more likely to be  profitable the larger is the herd or the batch size.  Consequences of uncertainty for economic decisions about  vaccination are considered. The minimax gain criterion,  minimax regret criterion and expected gain criterion are  applied to vaccination choices under uncertainty. Other  things equal, risk-aversion or uncertainty avoidance  increases the likelihood of farmers vaccinating their  animals. Attention is brought to the need for research on  the economics of improving estimates of the likely  occurrence of livestock diseases.},
      url = {http://ageconsearch.umn.edu/record/164426},
      doi = {https://doi.org/10.22004/ag.econ.164426},
}