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2 Ekonomický časopis (Journal of Economics)

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THE COMMONS GAME

100%

Brunovský P.

Ekonomický časopis (Journal of Economics)

2007

tom 55

nr 8

811-814

In this note we present a complete characterization of the equilibria of a game modelling the 'Tragedy of the commons' externality.

SOCIO-ECONOMIC IMPACTS OF PANDEMIC INFLUENZA MITIGATION SCENARIOS IN SLOVAKIA

44%

Brunovský P. , Ševčovič D. , Somorčík J. , Hroncová D. , Pospíšilová K.

Ekonomický časopis (Journal of Economics)

2009

tom 57

nr 2

163-178

The aim of this paper is to assess the expected socio-economic impacts of various scenarios of pandemic influenza mitigation on the economy and mortality for Slovakia. Compared to similar past studies (e.g. Van Genugten et al. (2003)), the authors' approach bears a significant difference. Whereas those studies work from the very beginning with the expected values of the data, they have treated the data as well as the model parameters as random variables. Results in the form of probability distributions and their characteristics (expected values and tolerance intervals) were obtained by stochastic Monte Carlo simulations of random impacts on 5,400,000 inhabitants of Slovakia. Six scenarios of pandemic mitigation have been analyzed. Total costs of medical treatment, the number of casualties as well as social costs with casualties included were compared.