Optimal Antibiotic Usage with Resistance and Endogenous Technological Change

Silvia Secchi and Bruce A. Babcock

No 18499, Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem

Abstract: The authors develop an expected utility model with heterogeneous individuals and apply some of the approaches developed in the energy literature to explicitly identify the public nature characteristics of susceptibility in a dynamic setting and to characterize the optimal intertemporal usage problem from a social planner perspective. The authors determine the optimal time path for the depletion of susceptibility to an existing drug and show that use of antibiotics should be rationed across the population and through time. The authors also discuss the impact of endogenous technological change and analyze the dynamics of research activities in backstop technologies both in a certain and in an uncertain world. The authors show that resources invested in R&D should increase through time if the discovery process is uncertain.

Keywords: Livestock Production/Industries; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 33
Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/18499/files/wp010269.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:ags:hebarc:18499

DOI: 10.22004/ag.econ.18499

Access Statistics for this paper

More papers in Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem
Bibliographic data for series maintained by AgEcon Search ().