Optimal control of prevention and treatment in a basic macroeconomic-epidemiological model

DOI10.1016/J.MATHSOCSCI.2020.03.005zbMATH Open1461.92112arXiv1910.03383OpenAlexW3019423336MaRDI QIDQ2019324FDOQ2019324

Authors: Tufail Malik, Simone Marsiglio, Davide La Torre 

Publication date: 26 April 2021

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Abstract: We analyze the optimal control of disease prevention and treatment in a basic SIS model. We develop a simple macroeconomic setup in which the social planner determines how to optimally intervene, through income taxation, in order to minimize the social cost, inclusive of infection and economic costs, of the spread of an epidemic disease. The disease lowers economic production and thus income by reducing the size of the labor force employed in productive activities, tightening thus the economy's overall resources constraint. We consider a framework in which the planner uses the collected tax revenue to intervene in either prevention (aimed at reducing the rate of infection) or treatment (aimed at increasing the speed of recovery). Both optimal prevention and treatment policies allow the economy to achieve a disease-free equilibrium in the long run but their associated costs are substantially different along the transitional dynamic path. By quantifying the social costs associated with prevention and treatment we determine which policy is most cost-effective under different circumstances, showing that prevention (treatment) is desirable whenever the infectivity rate is low (high).

Full work available at URL: https://arxiv.org/abs/1910.03383

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zbMATH Keywords

SIS modeleconomic policyprevention and treatment

Mathematics Subject Classification ID

Medical epidemiology (92C60) Epidemiology (92D30) Macroeconomic theory (monetary models, models of taxation) (91B64) Existence theories for free problems in two or more independent variables (49J10)

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Cited In (16)

• Optimal Control of Drug Epidemics: Prevent and Treat—But Not at the Same Time?
• Optimal reduced-mixing for an SIS infectious-disease model
• Taking preventive measures against infections with a cost in static and dynamic single-group populations
• Mobility choices and strategic interactions in a two-group macroeconomic-epidemiological model
• Epidemics and macroeconomic outcomes: social distancing intensity and duration
• Mortality containment vs. economics opening: optimal policies in a SEIARD model
• Optimal Control of Diseases in Prison Populations through Screening Policies of New Inmates
• Credit risk contagion and optimal dual control -- an SIS/R model
• Optimal control of allocation of resources and the economic growth in HIV-infected communities
• Verification results for age-structured models of economic-epidemics dynamics
• The structure of optimal solutions for harvesting a renewable resource
• Prevention or treatment? The case of malaria
• Optimal prevention and elimination of infectious diseases
• Mortality and Healthcare: A Stochastic Control Analysis under Epstein--Zin Preferences
• Estimation and optimal control of the multiscale dynamics of covid-19: a case study from Cameroon
• A time-space integro-differential economic model of epidemic control

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