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Behavioral Origins of Epidemiological Bifurcations

Author

Listed:
  • David Aadland

    (University of Wyoming)

  • David Finnoff

    (University of Wyoming)

  • Kevin X. D. Huang

    (Vanderbilt University)

Abstract

In this paper, we investigate the nature of rational expectations equilibria for economic epidemiological models, with a particular focus on the behavioral origins of epidemiological bifurcations. Unlike mathematical epidemiological models, economic epidemiological models can produce regions of indeterminacy or instability around the endemic steady states. 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.

Suggested Citation

  • David Aadland & David Finnoff & Kevin X. D. Huang, 2016. "Behavioral Origins of Epidemiological Bifurcations," Vanderbilt University Department of Economics Working Papers 16-00004, Vanderbilt University Department of Economics.
    • Handle: RePEc:van:wpaper:vuecon-16-00004
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    economic epidemiology; bifurcation; dynamics; disease; indeterminacy; rational expectations;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • I1 - Health, Education, and Welfare - - Health

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