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The Economics of Infection Control

Author

Listed:
  • Mark Gersovitz

    (Department of Economics, The Johns Hopkins University, Baltimore, Maryland 21218)

Abstract

Economics plus epidemiology provide models of infections and associated behavior of private individuals. They show how infections generate problems of dynamic externalities, scope for government to offset externalities, and problems of the second best when government cannot or does not. Features of these models affect conclusions about individual behavior and government policy: the transition states into and out of infection; the nature of matching among susceptibles and infecteds; the opportunities for prevention, including vaccination, and for therapies and their costs; and the targeting of these health interventions at people, depending on health status. There may be multiple endemic optimal steady states.

Suggested Citation

  • Mark Gersovitz, 2011. "The Economics of Infection Control," Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 277-296, October.
    • Handle: RePEc:anr:reseco:v:3:y:2011:p:277-296
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120052
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    Citations

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    Cited by:

    1. Martin F. Quaas & Jasper N. Meya & Hanna Schenk & Björn Bos & Moritz A. Drupp & Till Requate, 2020. "The Social Cost of Contacts: Theory and Evidence for the Covid-19 Pandemic in Germany," CESifo Working Paper Series 8347, CESifo.
    2. Charles Shaw & Silvio Vanadia, 2022. "Utilitarianism on the front lines: COVID-19, public ethics, and the "hidden assumption" problem," Papers 2205.01957, arXiv.org.
    3. David E. Bloom & Michael Kuhn & Klaus Prettner, 2022. "Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses," Journal of Economic Literature, American Economic Association, vol. 60(1), pages 85-131, March.
    4. Krishna Dasaratha, 2020. "Virus Dynamics with Behavioral Responses," Papers 2004.14533, arXiv.org, revised Sep 2023.
    5. Joshua S. Gans, 2023. "Vaccine Hesitancy, Passports, And The Demand For Vaccination," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 641-652, May.
    6. Glenn L. Furton, 2023. "The pox of politics: Troesken’s tradeoff reexamined," Public Choice, Springer, vol. 195(1), pages 169-191, April.
    7. Korinek, Anton & Bethune, Zachary, 2020. "COVID-19 Infection Externalities: Trading Off Lives vs. Livelihoods," CEPR Discussion Papers 14596, C.E.P.R. Discussion Papers.
    8. Fenichel, Eli P., 2013. "Economic considerations for social distancing and behavioral based policies during an epidemic," Journal of Health Economics, Elsevier, vol. 32(2), pages 440-451.
    9. Joshua S. Gans, 2020. "The Economic Consequences of R̂ = 1: Towards a Workable Behavioural Epidemiological Model of Pandemics," NBER Working Papers 27632, National Bureau of Economic Research, Inc.
    10. Goyal, Sanjeev & Vigier, Adrien, 2015. "Interaction, protection and epidemics," Journal of Public Economics, Elsevier, vol. 125(C), pages 64-69.
    11. Martin F Quaas & Jasper N Meya & Hanna Schenk & Björn Bos & Moritz A Drupp & Till Requate, 2021. "The social cost of contacts: Theory and evidence for the first wave of the COVID-19 pandemic in Germany," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-29, March.
    12. Stephen C. Newbold & David Finnoff & Linda Thunström & Madison Ashworth & Jason F. Shogren, 2020. "Effects of Physical Distancing to Control COVID-19 on Public Health, the Economy, and the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 705-729, August.
    13. Christopher J. Coyne & Thomas K. Duncan & Abigail R. Hall, 2021. "The political economy of state responses to infectious disease," Southern Economic Journal, John Wiley & Sons, vol. 87(4), pages 1119-1137, April.
    14. Jamie Bedson & Laura A. Skrip & Danielle Pedi & Sharon Abramowitz & Simone Carter & Mohamed F. Jalloh & Sebastian Funk & Nina Gobat & Tamara Giles-Vernick & Gerardo Chowell & João Rangel Almeida & Ran, 2021. "A review and agenda for integrated disease models including social and behavioural factors," Nature Human Behaviour, Nature, vol. 5(7), pages 834-846, July.

    More about this item

    Keywords

    health; infections; prevention; therapies; epidemiology;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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