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| Kobayashi, Mimako; Melkonyan, Tigran A.. |
| We model a game between two players taking biosecurity actions and characterize the Nash equilibria and their properties for the cases of strategic complements and substitutes. Implications of the theoretical model are investigated using data for biosecurity behavior among producers participating in a livestock exhibition. Biosecurity actions with own benefits and lasting impacts in home communities exhibit a positive relationship with behavior of the producers from geographically close areas. The number and probabilities of biosecurity actions taken by exhibitors are positively associated with the number of animals exhibited and they vary among commercial and hobby producers and across species/types of commercial production. |
| Tipo: Journal Article |
Palavras-chave: California; Livestock disease; Livestock exhibition; Strategic complements; Strategic substitutes; Agribusiness. |
| Ano: 2011 |
URL: http://purl.umn.edu/117152 |
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| Kobayashi, Mimako; Rollins, Kimberly S.; Taylor, Michael H.. |
| The spread of invasive annual grasses and resulting escalation of wildfire frequency and severity pose a significant and growing threat to the economic and ecological viability of the rangelands in the Great Basin. While private ranchers have the option to limit the severity of wildfires through fuels removal treatments, few ranchers engage in such land treatments. Without internalizing the public cost of wildfire suppression in the decision problem, private ranchers likely to under-invest in fuels treatments. In this article, using a bio-economic model of rancher decision making, we analyze the private incentives for engaging in land treatments. We find that the downside shocks on available grazing land due to wildfires are proportionately smaller for... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use; Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/61869 |
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| Rollins, Kimberly S.; Kobayashi, Mimako. |
| This paper contributes towards the development of an approach that would generate welfare measures that accommodate non-expected utility risk preferences. Combining the merits of elicitation approaches used in field experiments with contingent valuation, we embed an experimental design that systematically varies probabilities and losses across a survey sample in a willingness to pay elicitation format, where a hypothetical situation is described that closely resembles the actual policy context. We apply the proposed elicitation and estimation approaches to estimate the risk preferences of a representative homeowner who faces probabilistic wildfire risks and an investment option that reduces losses due to wildfire. Based on prospect theory, we estimate... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies; Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/61870 |
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| Kobayashi, Mimako; Zirogiannis, Nikolaos; Rollins, Kimberly S.; Evans, M.D.R.. |
| In this article we develop a general conceptual model of a property-owner’s decision to implement actions to protect his property against wildfire threat. Assuming a prospective-utility maximizing decision maker, we derive a system of demand functions for fire-safe actions that characterizes factors affecting individual decision making. We then empirically estimate the demands for various fire-safe actions functions using survey data of property owners facing a wildfire threat in Nevada. We find that the probability of individuals implementing some fire-safe action increases with value of the residence, previous experience with wildfire, the property being used as the primary residence, positive attitude towards wildfire management methods on public lands,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/61867 |
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