The Equilibrium Dynamics of Economic Epidemiology

David Aadland (aadland@uwyo.edu), David Finnoff and Kevin Huang (kevin.huang@vanderbilt.edu)

No 13-00003, 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. 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; equilibria; dynamics; disease; indeterminacy; rational expectations (search for similar items in EconPapers)
JEL-codes: D1 I1 (search for similar items in EconPapers)
Date: 2013-03-25
New Economics Papers: this item is included in nep-hea
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Citations: View citations in EconPapers (1)

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