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Antibiotic Effectiveness: New Challenges in Natural Resource Management

Author

Listed:
  • Markus Herrmann
  • Ramanan Laxminarayan

    (CRÉA-GREEN and CIRPÉE, Department of Economics, Université Laval, Québec, QC G1V 0A6, Canada
    Resources for the Future, Washington, DC 20036
    Princeton University, Princeton, New Jersey 08544)

Abstract

Problems of optimal natural resource extraction that were first addressed by economists in the contexts of fisheries and forests have reemerged in the context of a newly recognized resource: antibiotic effectiveness. This review introduces economists to the growing literature on optimal use, innovation, and regulation of antibiotic effectiveness. Along the way, we draw links and parallels to similar problems in the management of other resources with which economists may be more familiar, and we address new questions that have arisen in the context of antibiotic effectiveness but that are also relevant to other resources.

Suggested Citation

  • Markus Herrmann & Ramanan Laxminarayan, 2010. "Antibiotic Effectiveness: New Challenges in Natural Resource Management," Annual Review of Resource Economics, Annual Reviews, vol. 2(1), pages 125-138, October.
    • Handle: RePEc:anr:reseco:v:2:y:2010:p:125-138
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.resource.050708.144125
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    Citations

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    Cited by:

    1. Herrmann, Markus & Nkuiya, Bruno & Dussault, Anne-Renée, 2013. "Innovation and antibiotic use within antibiotic classes: Market incentives and economic instruments," Resource and Energy Economics, Elsevier, vol. 35(4), pages 582-598.
    2. Sandra Hoffmann, 2011. "Overcoming Barriers to Integrating Economic Analysis into Risk Assessment," Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1345-1355, September.
    3. Lemarié, Stéphane & Marcoul, Philippe, 2018. "Coordination and information sharing about pest resistance," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 135-149.
    4. Daniel Bennett & Che-Lun Hung & Tsai-Ling Lauderdale, 2015. "Health Care Competition and Antibiotic Use in Taiwan," Journal of Industrial Economics, Wiley Blackwell, vol. 63(2), pages 371-393, June.
    5. Eswaran, Mukesh & Gallini, Nancy, 2016. "Rescuing the Golden Age of Antibiotics: Can Economics Help Avert the Looming Crisis?," Economics working papers nancy_gallini-2016-9, Vancouver School of Economics, revised 04 Jul 2016.
    6. Markus Herrmann & Bruno Nkuiya, 2017. "Inducing optimal substitution between antibiotics under open access to the resource of antibiotic susceptibility," Health Economics, John Wiley & Sons, Ltd., vol. 26(6), pages 703-723, June.
    7. Eswaran, Mukesh & Gallini, Nancy, 2017. "Can Competition Extend the Golden Age of Antibiotics?," Microeconomics.ca working papers -2017-9, Vancouver School of Economics, revised 19 Oct 2017.
    8. Lhermie, Guillaume & Wernli, Didier & Jørgensen, Peter Søgaard & Kenkel, Donald & Lin Lawell, C.-Y. Cynthia & Tauer, Loren William & Gröhn, Yrjo Tapio, 2019. "Tradeoffs between resistance to antimicrobials in public health and their use in agriculture: Moving towards sustainability assessment," Ecological Economics, Elsevier, vol. 166(C), pages 1-1.

    More about this item

    Keywords

    antimicrobials; resistance; optimal use;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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