Cost Optimization in the SIS Model of Infectious Disease with Treatment
Abstract
We 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 Info
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Bibliographic Info
Article provided by De Gruyter in its journal The B.E. Journal of Economic Analysis & Policy.
Volume (Year): 2 (2002)
Issue (Month): 1 (April)
Pages: 1-24
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Web page: http://www.degruyter.com
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Web: http://www.degruyter.com/view/j/bejeap
Related research
Keywords: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.
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Barrett, Scott & Hoel, Michael, 2009. "Optimal Disease Eradication," HERO On line Working Paper Series 2003:23, Oslo University, Health Economics Research Programme.
- Anderson, Soren & Laxminarayan, Ramanan & Salant, Stephen W., 2010.
"Diversity or Focus? Spending to Combat Infectious Diseases When Budgets Are Tight,"
Discussion Papers
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.
- 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.
- Stéphane Mechoulan, 2005. "Market Structure and Communicable Diseases," Working Papers tecipa-241, University of Toronto, Department of Economics.
- 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.
- 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.
- Telalagic, S., 2012. "Optimal Treatment of an SIS Disease with Two Strains," Cambridge Working Papers in Economics 1229, Faculty of Economics, University of Cambridge.
- Toxvaerd, Flavio, 2010. "Recurrent Infection and Externalities in Prevention," CEPR Discussion Papers 8112, C.E.P.R. Discussion Papers.
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