Optimal Disease Eradication
Link to article:
Barrett, Scott and Michael Hoel
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.
D61, H41, I18.
eradication of infectious diseases, vaccination, control theory, cost-benefit analysis, poliomyelitis.
Project:Oppdragsgiver: Norges forskningsråd
Frisch prosjekt: 4101 - Economics of health
The Research Council of Norway