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David Aadland, David Finnoff and Kevin X. D. Huang
''Behavioral Origins of Epidemiological Bifurcations''
In this paper, we investigate the nature of rational expectations equilibria for economic epidemiological models, with a particular focus on the behavioral origins of epidemiological bifurcations. Unlike mathematical epidemiological models, economic epidemiological models can produce regions of indeterminacy or instability around the endemic steady states. We consider SI, SIS, SIR and SIRS versions of economic compartmental models and show how well-intentioned public policy may contribute to disease instability and uncertainty.
Keywords: economic epidemiology, bifurcation, dynamics, disease, indeterminacy, rational expectations
JEL: D1 - Household Behavior: General
I1 - Health: General
Manuscript Received : Jan 24 2016 Manuscript Accepted : Jan 26 2016

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