Hoel, Michael; Barrett, Scott - Fondazione ENI Enrico Mattei (FEEM) - 2004
Using a dynamic model of the control of an infectious disease, we derive the conditions under which eradication will be … optimal. When eradication is feasible, the optimal program requires either a low vaccination rate or eradication. A high … vaccinate at all or to eradicate. Our analysis yields a cost-benefit rule for eradication, which we apply to the current …