Cost Optimization in the SIS Model of Infectious Disease with Treatment
AbstractWe consider the intertemporal social optimization problem of minimizing the present value of the costs incurred from both disease and treatment. Though the analysis is complicated by the analytical failure of concavity, we are able to substantially characterize both the long run equilibria and the adjustment paths. The cost minimizing program is shown to exhibit decreased levels of treatment at higher disease levels. The socially optimal program is compared to individually rational behavior and the inefficiencies in private behavior from the infection externality are shown to cause increases in the equilibrium rate of infection.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by De Gruyter in its journal The B.E. Journal of Economic Analysis & Policy.
Volume (Year): 2 (2002)
Issue (Month): 1 (April)
Contact details of provider:
Web page: http://www.degruyter.com
Other versions of this item:
- Steven M. Goldman and James Lightwood., 1996. "Cost Optimization in the SIS Model of Infectious Disease with Treatment," Economics Working Papers 96-245, University of California at Berkeley.
- Goldman, Steven M. & Lightwood, James, 1996. "Cost Optimization in the SIS Model of Infectious Disease with Treatment," Department of Economics, Working Paper Series qt0r88q87t, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Barrett, Scott & Hoel, Michael, 2009. "Optimal Disease Eradication," HERO On line Working Paper Series 2003:23, Oslo University, Health Economics Research Programme.
- Aadland David & Finnoff David C. & Huang Kevin X.D., 2013.
The B.E. Journal of Economic Analysis & Policy,
De Gruyter, vol. 14(1), pages 297-348, June.
- Aadland, David & Finnoff, David, 2007. "Syphilis Cycles," MPRA Paper 8722, University Library of Munich, Germany.
- David Aadland & David Finnoff & Kevin X.D. Huang, 2010. "Syphilis Cycles," Vanderbilt University Department of Economics Working Papers 1006, Vanderbilt University Department of Economics.
- David Aadland, 2008. "Syphilis Cycles," 2008 Meeting Papers 363, Society for Economic Dynamics.
- Stéphane Mechoulan, 2007.
"Market structure and communicable diseases,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 40(2), pages 468-492, May.
- Toxvaerd, Flavio, 2010. "Recurrent Infection and Externalities in Prevention," CEPR Discussion Papers 8112, C.E.P.R. Discussion Papers.
- Daron Acemoglu & Azarakhsh Malekian & Asuman Ozdaglar, 2013.
"Network Security and Contagion,"
NBER Working Papers
19174, National Bureau of Economic Research, Inc.
- Telalagic, S., 2012. "Optimal Treatment of an SIS Disease with Two Strains," Cambridge Working Papers in Economics 1229, Faculty of Economics, University of Cambridge.
- Gersovitz, Mark & Hammer, Jeffrey S., 2005. "Tax/subsidy policies toward vector-borne infectious diseases," Journal of Public Economics, Elsevier, vol. 89(4), pages 647-674, April.
- David Aadland & David Finnoff & Kevin x.d. Huang, 2013. "The Equilibrium Dynamics of Economic Epidemiology," Vanderbilt University Department of Economics Working Papers 13-00003, Vanderbilt University Department of Economics.
- Anderson, Soren & Laxminarayan, Ramanan & Salant, Stephen W., 2010.
"Diversity or Focus? Spending to Combat Infectious Diseases When Budgets Are Tight,"
dp-10-15, Resources For the Future.
- Anderson, Soren T. & Laxminarayan, Ramanan & Salant, Stephen W., 2012. "Diversify or focus? Spending to combat infectious diseases when budgets are tight," Journal of Health Economics, Elsevier, vol. 31(4), pages 658-675.
- Anderson, Soren & Laxminarayan, Ramanan & Salant, Stephen W., 2010. "Diversify or focus: spending to combat infectious diseases when budgets are tight," MPRA Paper 21860, University Library of Munich, Germany.
- Michael Hoel & Scott Barrett, 2004. "Optimal Disease Eradication," Working Papers 2004.50, Fondazione Eni Enrico Mattei.
- Toxvaerd, Flavio, 2010. "Infection, Acquired Immunity and Externalities in Treatment," CEPR Discussion Papers 8111, C.E.P.R. Discussion Papers.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.