2004
DOI: 10.1016/j.jedc.2003.08.001
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Optimal tax/subsidy combinations for the flu season

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Cited by 70 publications
(65 citation statements)
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“…Similarly, Barrett (2003) finds market failures in a dynamic model with homogeneous individuals but with non-dynamic vaccination choices. Last, Francis (2004) also finds a similar result, but assumes that individuals do not discount the future, which renders the time profile of infections irrelevant. Gersovitz (2003) considers a vaccination model in which individuals care about their own welfare, but where the planner also cares about the welfare of future generations.…”
Section: Related Literaturementioning
confidence: 67%
See 1 more Smart Citation
“…Similarly, Barrett (2003) finds market failures in a dynamic model with homogeneous individuals but with non-dynamic vaccination choices. Last, Francis (2004) also finds a similar result, but assumes that individuals do not discount the future, which renders the time profile of infections irrelevant. Gersovitz (2003) considers a vaccination model in which individuals care about their own welfare, but where the planner also cares about the welfare of future generations.…”
Section: Related Literaturementioning
confidence: 67%
“…This is the case studied by Francis (2004) without discounting and by Francis (2007) with discounting. Reluga and Galvani (2011) consider both recovery and waning of immunity.…”
Section: The Model With Spontaneous Recoverymentioning
confidence: 99%
“…There has been growing interest in the application of game theory to epidemiological modelling [3][4][5][6][7][8]10,11,[35][36][37][38]. The first study of vaccination behaviour from an economic perspective was prompted by concerns associated with the pertussis vaccine [35].…”
Section: Discussionmentioning
confidence: 99%
“…But scant attention is paid to the network effects determined by heterogeneous contacts that we focus on in this paper. For example, Francis (2004) solves for the optimal tax/subsidy policy for influenza in an SIR model with a constant contact rate and random mixing among the population. Geoffard and Philipson (1997) examine how the individual incentives for vaccination decrease as disease incidence decreases and thereby argue that relying exclusively on private markets is unlikely to lead to disease eradication.…”
Section: Background and Motivationmentioning
confidence: 99%