Optimal Intertemporal Curative Drug Expenses: The Case of Hepatitis C in France - Archive ouverte HAL Accéder directement au contenu
Article Dans Une Revue Journal of Health Economics Année : 2024

Optimal Intertemporal Curative Drug Expenses: The Case of Hepatitis C in France

Résumé

We study intertemporal tradeoffs that health authorities face when considering the control of an epidemic using innovative curative medical treatments. We set up a dynamically controlled susceptible–infected–recovered (SIR) model for an epidemic in which patients can be asymptomatic, and we analyze the optimality conditions of the sequence of cure expenses decided by health authorities at the onset of the drug innovation process. We show that analytical conclusions are ambiguous because of their dependence on parameter values. As an application, we focus on the case study of hepatitis C, the treatment for which underwent a major upheaval when curative drugs were introduced in 2014. We calibrate our controlled SIR model using French data and simulate optimal policies. We show that the optimal policy entails some front loading of the intertemporal budget. The analysis demonstrates how beneficial intertemporal budgeting can be compared to non-forward-looking constant budget allocation.
Fichier principal
Vignette du fichier
wp_tse_1402.pdf (487.24 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-04501256 , version 1 (12-03-2024)

Licence

Paternité

Identifiants

Citer

Pierre Dubois, Thierry Magnac. Optimal Intertemporal Curative Drug Expenses: The Case of Hepatitis C in France. Journal of Health Economics, 2024, 94, pp.102861. ⟨10.1016/j.jhealeco.2024.102861⟩. ⟨hal-04501256⟩
6 Consultations
1 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More