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Economic considerations for social distancing and behavioral based policies during an epidemic

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  • Fenichel, Eli P.
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    Abstract

    Public policies intended to induce behavioral change, specifically incentives to reduce interpersonal contacts or to “social distance,” increasingly play a prominent role in public disease response strategies as governments plan for and respond to major epidemics. I compare social distancing incentives and outcomes under decentralized, full control social planner, and constrained social planner, without health class specific control, decision making scenarios. Constrained social planner decision making, based on non-health class specific controls, can in some instances make society worse off than decentralized decision making (i.e. no intervention). The oft neglected behavior of recovered and immune individuals is important for welfare and health outcomes.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0167629613000039
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Health Economics.

    Volume (Year): 32 (2013)
    Issue (Month): 2 ()
    Pages: 440-451

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    Handle: RePEc:eee:jhecon:v:32:y:2013:i:2:p:440-451

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    Web page: http://www.elsevier.com/locate/inca/505560

    Related research

    Keywords: Public health; Infectious disease; Dynamic optimization; SIR model; Adaptive behavior;

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    Cited by:
    1. Fenichel, Eli P. & Abbott, Joshua K., 2014. "Heterogeneity and the fragility of the first best: Putting the “micro” in bioeconomic models of recreational resources," Resource and Energy Economics, Elsevier, vol. 36(2), pages 351-369.

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