Behavioral Origins of Epidemiological Bifurcations

David Aadland (), David Finnoff and Kevin Huang ()

No 16-00004, Vanderbilt University Department of Economics Working Papers from Vanderbilt University Department of Economics

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.

Keywords: economic epidemiology; bifurcation; dynamics; disease; indeterminacy; rational expectations (search for similar items in EconPapers)
JEL-codes: D1 I1 (search for similar items in EconPapers)
Date: 2016-01-26
New Economics Papers: this item is included in nep-cbe, nep-hea and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/pubs/VUECON/VUECON-16-00004.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:van:wpaper:vuecon-16-00004

Access Statistics for this paper

More papers in Vanderbilt University Department of Economics Working Papers from Vanderbilt University Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by John P. Conley ().