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Economic incentives and mathematical models of disease

Author

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  • KLEIN, EILI
  • LAXMINARAYAN, RAMANAN
  • SMITH, DAVID L.
  • GILLIGAN, CHRISTOPHER A.

Abstract

The fields of epidemiological disease modeling and economics have tended to work independently of each other despite their common reliance on the language of mathematics and exploration of similar questions related to human behavior and infectious disease. This paper explores the benefits of incorporating simple economic principles of individual behavior and resource optimization into epidemiological models, reviews related research, and indicates how future cross-discipline collaborations can generate more accurate models of disease and its control to guide policy makers.

Suggested Citation

  • Klein, Eili & Laxminarayan, Ramanan & Smith, David L. & Gilligan, Christopher A., 2007. "Economic incentives and mathematical models of disease," Environment and Development Economics, Cambridge University Press, vol. 12(5), pages 707-732, October.
    • Handle: RePEc:cup:endeec:v:12:y:2007:i:05:p:707-732_00
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    1. La Torre, Davide & Malik, Tufail & Marsiglio, Simone, 2020. "Optimal control of prevention and treatment in a basic macroeconomic–epidemiological model," Mathematical Social Sciences, Elsevier, vol. 108(C), pages 100-108.
    2. Rowthorn, Robert & Toxvaerd, Flavio, 2012. "The Optimal Control of Infectious Diseases via Prevention and Treatment," CEPR Discussion Papers 8925, C.E.P.R. Discussion Papers.
    3. Mitsuhiro Fukao & Etsuro Shioji, 2022. "Is There a Trade‐Off between COVID‐19 Control and Economic Activity? Implications from the Phillips Curve Debate," Asian Economic Policy Review, Japan Center for Economic Research, vol. 17(1), pages 66-85, January.
    4. Thomas Heister & Christian Hagist & Klaus Kaier, 2015. "Resistance Elasticity of Antibiotic Demand in Intensive Care," WHU Working Paper Series - Economics Group 15-01, WHU - Otto Beisheim School of Management.
    5. Sandra Hoffmann, 2011. "Overcoming Barriers to Integrating Economic Analysis into Risk Assessment," Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1345-1355, September.
    6. Jeremy Greenwood & Philipp Kircher & Cezar Santos & Michèle Tertilt, 2019. "An Equilibrium Model of the African HIV/AIDS Epidemic," Econometrica, Econometric Society, vol. 87(4), pages 1081-1113, July.
    7. Anne-France Viet & Stéphane Krebs & Olivier Rat-Aspert & Laurent Jeanpierre & Catherine Belloc & Pauline Ezanno, 2018. "A modelling framework based on MDP to coordinate farmers' disease control decisions at a regional scale," PLOS ONE, Public Library of Science, vol. 13(6), pages 1-20, June.
    8. Sheikh Shahnawaz, 2011. "Infectious disease outbreak and trade policy formulation," Economics Bulletin, AccessEcon, vol. 31(4), pages 2959-2967.
    9. van Ackere, Ann & Schulz, Peter J., 2020. "Explaining vaccination decisions: A system dynamics model of the interaction between epidemiological and behavioural factors," Socio-Economic Planning Sciences, Elsevier, vol. 71(C).
    10. David E. Bloom & Michael Kuhn & Klaus Prettner, 2022. "Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses," Journal of Economic Literature, American Economic Association, vol. 60(1), pages 85-131, March.
    11. Sims, Charles & Finnoff, David & O’Regan, Suzanne M., 2016. "Public control of rational and unpredictable epidemics," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 161-176.
    12. G. Devipriya & K. Kalaivani, 2012. "Optimal Control of Multiple Transmission of Water-Borne Diseases," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2012, pages 1-16, July.
    13. Emmanuel Njeuhmeli & Melissa Schnure & Andrea Vazzano & Elizabeth Gold & Peter Stegman & Katharine Kripke & Michel Tchuenche & Lori Bollinger & Steven Forsythe & Catherine Hankins, 2019. "Using mathematical modeling to inform health policy: A case study from voluntary medical male circumcision scale-up in eastern and southern Africa and proposed framework for success," PLOS ONE, Public Library of Science, vol. 14(3), pages 1-15, March.
    14. Katarzyna Oleś & Ewa Gudowska-Nowak & Adam Kleczkowski, 2012. "Understanding Disease Control: Influence of Epidemiological and Economic Factors," PLOS ONE, Public Library of Science, vol. 7(5), pages 1-9, May.
    15. Toshikazu Kuniya, 2021. "Structure of epidemic models: toward further applications in economics," The Japanese Economic Review, Springer, vol. 72(4), pages 581-607, October.
    16. Davide La Torre & Danilo Liuzzi & Simone Marsiglio, 2022. "Geographical heterogeneities and externalities in an epidemiological‐macroeconomic framework," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(5), pages 1154-1181, October.
    17. Thomas Heister & Christian Hagist & Klaus Kaier, 2017. "Resistance Elasticity of Antibiotic Demand in Intensive Care," Health Economics, John Wiley & Sons, Ltd., vol. 26(7), pages 892-909, July.
    18. Sabine Liebenehm & Bernard Bett & Cristobal Verdugo & Mohamed Said, 2016. "Optimal Drug Control under Risk of Drug Resistance – The Case of African Animal Trypanosomosis," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(2), pages 510-533, June.
    19. Luis Pedauga & Francisco Sáez & Blanca L. Delgado-Márquez, 2022. "Macroeconomic lockdown and SMEs: the impact of the COVID-19 pandemic in Spain," Small Business Economics, Springer, vol. 58(2), pages 665-688, February.
    20. Kar, T.K. & Nandi, Swapan Kumar & Jana, Soovoojeet & Mandal, Manotosh, 2019. "Stability and bifurcation analysis of an epidemic model with the effect of media," Chaos, Solitons & Fractals, Elsevier, vol. 120(C), pages 188-199.

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