Cost Optimization in the SIS Model of Infectious Disease with Treatment

Steven Goldman and Lightwood James ()
Additional contact information
Lightwood James: University of California, San Francisco

The B.E. Journal of Economic Analysis & Policy, 2002, vol. 2, issue 1, 1-24

Abstract: We consider the intertemporal social optimization problem of minimizing the present value of the costs incurred from both disease and treatment. Though the analysis is complicated by the analytical failure of concavity, we are able to substantially characterize both the long run equilibria and the adjustment paths. The cost minimizing program is shown to exhibit decreased levels of treatment at higher disease levels. The socially optimal program is compared to individually rational behavior and the inefficiencies in private behavior from the infection externality are shown to cause increases in the equilibrium rate of infection.

Date: 2002
References: View complete reference list from CitEc
Citations: View citations in EconPapers (56)

Downloads: (external link)
https://doi.org/10.2202/1538-0653.1007 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Working Paper: Cost Optimization in the SIS Model of Infectious Disease with Treatment (1996)
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:bpj:bejeap:v:topics.2:y:2002:i:1:n:4

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/bejeap/html

DOI: 10.2202/1538-0653.1007

Access Statistics for this article

The B.E. Journal of Economic Analysis & Policy is currently edited by Hendrik Jürges and Sandra Ludwig

More articles in The B.E. Journal of Economic Analysis & Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().