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The Economics of Infection Control

Author

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  • Mark Gersovitz

    () (Department of Economics, The Johns Hopkins University, Baltimore, Maryland 21218)

Abstract

Economics plus epidemiology provide models of infections and associated behavior of private individuals. They show how infections generate problems of dynamic externalities, scope for government to offset externalities, and problems of the second best when government cannot or does not. Features of these models affect conclusions about individual behavior and government policy: the transition states into and out of infection; the nature of matching among susceptibles and infecteds; the opportunities for prevention, including vaccination, and for therapies and their costs; and the targeting of these health interventions at people, depending on health status. There may be multiple endemic optimal steady states.

Suggested Citation

  • Mark Gersovitz, 2011. "The Economics of Infection Control," Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 277-296, October.
  • Handle: RePEc:anr:reseco:v:3:y:2011:p:277-296
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120052
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    Cited by:

    1. Goyal, Sanjeev & Vigier, Adrien, 2015. "Interaction, protection and epidemics," Journal of Public Economics, Elsevier, vol. 125(C), pages 64-69.
    2. Fenichel, Eli P., 2013. "Economic considerations for social distancing and behavioral based policies during an epidemic," Journal of Health Economics, Elsevier, vol. 32(2), pages 440-451.

    More about this item

    Keywords

    health; infections; prevention; therapies; epidemiology;

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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