This paper develops a novel methodology for measuring the economic losses resulting from negative health impacts of pesticides while taking into account their role as damage control agent. To this effect production model is presented that takes both impairment caused by on labor units and pest crop enhancing properties pesticides. The supply responses optimal cost adjustments made rational farm...

Subclinical infections with gastrointestinal nematodes and liver fluke are important causes of production losses in grazing cattle. Although there is an extensive compilation of literature describing the effect of these infections on animal performance, only a few attempts have been made to convert these production losses to an economic cost. Here, we propose a novel tool (ParaCalc(®)), availab...

Evidence from studies in international relations, the politics of reform, collective action and price competition suggests that economic agents in social dilemma situations cooperate more to avoid losses than in the pursuit of gains. To test whether the prospect of losses can induce cooperation, we let experimental subjects play the traveler’s dilemma in the gain and loss domain. Subjects coope...

Introduction Mastitis is the most frequent and costly disease of dairy cattle. Losses due to mastitis can be attributed to both subclinical and clinical disease. Clinical mastitis losses are generally readily apparent and consist of discarded milk, transient reductions in milk yield and premature culling (Fetrow, 2000). Subclinical mastitis is considered the most economically important type of ...

A computable general equilibrium (CGE) approach is used to assess the macroeconomic effects of global and regional catastrophic losses of pollination ecosystem services. Results show economic risks to both direct crop sectors and indirect non-crop sectors in the economy, with a substantial amount of regional heterogeneity. In addition, there exists potential for winners, those regions with a co...

This paper proposes a methodology to project the possible evolution of river flood damages due to climate change, and applies it to mainland France. Its main contributions are (i) to demonstrate a methodology to investigate the full causal chain from global climate change to local economic flood losses; (ii) to show that future flood losses may change in a very significant manner over France; (...

Credit contagion refers to the propagation of economic distress from one firm to another. This article proposes a reduced-form model for these contagion phenomena, assuming they are due to the local interaction of firms in a business partner network. We study aggregate credit losses on large portfolios of financial positions contracted with firms subject to credit contagion. In particular, we p...

This research aims to develop and demonstrate an advanced, integrated earthquake loss estimation methodology for urban lifeline systems. The methodology, which evaluates direct and indirect economic losses from lifeline failures, provides a means for assessing both expected losses from future earthquakes and potential loss reduction from mitigation alternatives. This effort builds on and coordi...