D’ALBIS, Hippolyte; AUGERAUD-VÉRON, Emmanuelle

doi:10.1016/j.jmateco.2021.102487

Métadonnées

Afficher la notice complète

Licence d’utilisation du document

D’ALBIS, Hippolyte

AUGERAUD-VÉRON, Emmanuelle
Groupe de Recherche en Economie Théorique et Appliquée [GREThA]

Langue

Article de revue

Ce document a été publié dans

Journal of Mathematical Economics. 2021, vol. 93, p. 102487

Résumé en anglais

This article studies the optimal intertemporal allocation of resources devoted to the prevention of deterministic infectious diseases that admit an endemic steady-state. Under general assumptions, the optimal control problem is shown to be formally similar to an optimal growth model with endogenous discounting. The optimal dynamics then depends on the interplay between the epidemiological characteristics of the disease, the labor productivity and the degree of intergenerational equity. Phase diagrams analysis reveals that multiple trajectories, which converge to endemic steady-states with or without prevention or to the elimination of the disease, are feasible. Elimination implies initially a larger prevention than in other trajectories, but after a finite date, prevention is equal to zero. This “sooner-the-better” strategy is shown to be optimal if the pure discount rate is sufficiently low.< Réduire

Mots clés en anglais

Infectious diseases

Optimal control

Métadonnées

Partager cette publication !

Licence d’utilisation du document

Optimal prevention and elimination of infectious diseases

Langue

Ce document a été publié dans

Résumé en anglais

Mots clés en anglais

URI

DOI

Unités de recherche