The Equilibrium Dynamics of Economic Epidemiology

In 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 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.

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Year of publication:	2013-03-25
Authors:	Aadland, David ; Finnoff, David ; Huang, Kevin x.d.
Institutions:	Vanderbilt University Department of Economics
Subject:	economic epidemiology \| equilibria \| dynamics \| disease \| indeterminacy \| rational expectations

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Extent:	application/pdf
Series:	Vanderbilt University Department of Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 13-00003
Classification:	D1 - Household Behavior and Family Economics ; I1 - Health
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010875560