Aadland, David and Finnoff, David and Huang, Kevin X.D. (2011): The Dynamics of Economic Epidemiology Equilibria.
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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 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.
|Item Type:||MPRA Paper|
|Original Title:||The Dynamics of Economic Epidemiology Equilibria|
|Keywords:||economic epidemiology; equilibria; dynamics; disease; indeterminacy; rational expectations|
|Subjects:||D - Microeconomics > D1 - Household Behavior and Family Economics
I - Health, Education, and Welfare > I1 - Health
|Depositing User:||David Aadland|
|Date Deposited:||09. Mar 2011 07:46|
|Last Modified:||18. Feb 2013 23:30|