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Human behavior in economic-epidemiological systems Finnoff, David

Description

We investigate the dynamics of epidemiological bifurcations in systems where individuals optimally alter behavior in the face of endogenous disease risk. The bifurcations can lead to aggregate instability, which introduces the potential for less predictable outcomes from public health policies and welfare losses. For instance, health policies designed to lower the transmission probability or policies designed to raise the quality-of-life following infection generate endogenous human responses that may push endemic equilibria from being stable to exhibiting instability or indeterminacy with the possibility of unintended consequences from public health policy.

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Attribution-NonCommercial-NoDerivatives 4.0 International