Optimal Disease Eradication
Michael Hoel () and
Scott Barrett
Additional contact information
Scott Barrett: School of Advanced International Studies, Johns Hopkins University
No 2004.50, Working Papers from Fondazione Eni Enrico Mattei
Abstract:
Using a dynamic model of the control of an infectious disease, we derive the conditions under which eradication will be optimal. When eradication is feasible, the optimal program requires either a low vaccination rate or eradication. A high vaccination rate is never optimal. Under special conditions, the results are especially stark: the optimal policy is either not to vaccinate at all or to eradicate. Our analysis yields a cost-benefit rule for eradication, which we apply to the current initiative to eradicate polio.
Keywords: Eradication of infectious diseases; Vaccination; Control theory; Cost-benefit analysis; Poliomyelitis (search for similar items in EconPapers)
JEL-codes: D61 H41 I18 (search for similar items in EconPapers)
Date: 2004-03
New Economics Papers: this item is included in nep-agr and nep-hea
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Citations: View citations in EconPapers (2)
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Related works:
Working Paper: Optimal Disease Eradication (2009) 
Journal Article: Optimal disease eradication (2007) 
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2004.50
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