Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/117933
Authors: 
Hoel, Michael
Barrett, Scott
Year of Publication: 
2004
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 50.2004
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.
Subjects: 
Eradication of infectious diseases
Vaccination
Control theory
Cost-benefit analysis
Poliomyelitis
JEL: 
D61
H41
I18
Document Type: 
Working Paper

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