This paper addresses the ongoing debate about the practice of disclosing information about software vulnerabilities through an open public forum. Using game-theoretic approach, we show that such practice may be an equilibrium strategy in a game played by rational loss-minimizing agents. We find that under certain parameters public disclosure of vulnerabilities is desirable from the social welfa...

Foot disorders are the main cause of dairy cow lameness and are considered to have a major impact on the welfare of dairy cattle. This study adopts a modeling approach, using a dynamic stochastic model, to provide more insight into the welfare impact of different types of foot disorders, both clinical and subclinical. The impact of specific foot disorders on welfare was assessed by simulating t...

Interest in behavioral economics has grown in recent years, stimulated largely by accumulating evidence that the standard model of consumer decision making provides an inadequate, positive description of human behavior. Behavioral models are increasingly finding their way into policy evaluation, which inevitably involves welfare analysis. No consensus concerning the appropriate standards and cr...

The major issues regarding the welfare of both farmed and laboratory rabbits are reviewed, according to husbandry and management systems. The main stressors that can affect welfare and homeostatic responses in rabbits are also reviewed. An overview of the most widespread housing systems for both farmed and laboratory rabbits is presented. The main problems related to housing and management are ...

The aim of the study is to evaluate different production systems in pig farming including economic, animal welfare and environmental aspects with computer simulation. The computer model considers a vertically integrated system with farrowing, weaning, fattening and slaughtering stage as well as the transportation of pigs between theses stages. Housing systems were distinguished in individual an...

This paper analyzes the welfare costs of business cycles when workers face uninsurable idiosyncratic labor income risk that has a cyclical component. In accordance with the previous literature, this paper decomposes individual labor income risk into an aggregate and an idiosyncratic component and assumes that these two components are stochastically independent. In contrast to the previous liter...