Question
Given the following SIR diagram, where h are some costly self-protective activities that people can take to avoid contracting the disease. h(p,It) =nIt -apIt +C.
Given the following SIR diagram, where h are some costly self-protective activities that people can take to avoid contracting the disease. h(p,It) =nIt -apIt +C. C is a constant, p is the price of costly self-protective activities.
a. Write down dS/dt.
b. Solve for the steady state infected population I*.
c. Which parameters do I* depend on? Among these related parameters, which are inversely related to I*.
d.What is the effect of price on the size of the steady-stated infected population I*? Solve for dI*/dp
c. Calculate the prevalence elasticity of self-protection
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