Global Disease Eradication

Abstract

An infectious disease can only be eradicated globally if it is eliminated in every country. But does this require only international coordination, or does it require cooperation? Using a model that blends epidemiology, economics, and game theory, this paper shows that coordination will not always suffice, even when the global benefits of eradication exceed the costs. In general, eradication will require strong international institutions. (JEL: H41, I18, K33, O19)