Economic Epidemiology and Infectious Diseases

Toxic diseases are is currently the main cause of mortality in the world and have been even more important historically. This paper reviews recent research in economic epidemiology. Individually, it discusses the occurrence of toxic diseases and the effects of public health interventions designed to control them. Definite key points include: change in the forecasting regarding long- and short-run disease occurrence between epidemiological and rational epidemics, the nonstandard effects of interventions when epidemics are rational, the possibility and desirability of eradicating infectious diseases, as well as the components of the welfare loss induced by infectious diseases.