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- W1490652015 abstract "Abstract. Communicable diseases pose a formidable challenge for public policy. Using numerical simulations, we show under which scenarios a monopolist's price and prevalence paths converge to a non‐zero steady state. In contrast, a planner typically eradicates the disease. If eradication is impossible, the planner subsidizes treatments as long as the prevalence can be controlled. Drug resistance exacerbates the welfare difference between monopoly and first best outcomes. Nevertheless, because the negative externalities from resistance compete with the positive externalities of treatment, a mixed competition/monopoly regime may perform better than competition alone. This result has important implications for the design of many drug patents." @default.
- W1490652015 created "2016-06-24" @default.
- W1490652015 creator A5054908305 @default.
- W1490652015 date "2007-05-01" @default.
- W1490652015 modified "2023-10-11" @default.
- W1490652015 title "Market structure and communicable diseases" @default.
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- W1490652015 doi "https://doi.org/10.1111/j.1365-2966.2007.00417.x" @default.
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