The Dynamics of Economic Epidemiology Equilibria
AbstractIn this paper, we investigate the nature of rational expectations equilibria for economic epidemiological models. Unlike mathematical epidemiological models, economic epidemiological models can produce regions of indeterminacy or instability around the endemic steady state. We consider SI, SIS, SIR and SIRS versions of economic compartmental models and show how well-intentioned public policy may contribute to disease instability and uncertainty.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 29299.
Date of creation: 01 Jan 2011
Date of revision:
economic epidemiology; equilibria; dynamics; disease; indeterminacy; rational expectations;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-03-19 (All new papers)
- NEP-EVO-2011-03-19 (Evolutionary Economics)
- NEP-HEA-2011-03-19 (Health Economics)
- NEP-HPE-2011-03-19 (History & Philosophy of Economics)
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