Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/323261 
Erscheinungsjahr: 
2024
Quellenangabe: 
[Journal:] Economic Theory [ISSN:] 1432-0479 [Volume:] 79 [Issue:] 3 [Publisher:] Springer [Place:] Berlin, Heidelberg [Year:] 2024 [Pages:] 889-910
Verlag: 
Springer, Berlin, Heidelberg
Zusammenfassung: 
Against the backdrop of Covid-19, we study the effectiveness of public policies typically employed to fight an epidemic. We extend the compartmental SIR model to explore the trade-offs which govern individual behavior. Our stylized model allows for a closed form analysis of vaccination and lockdown policies. We establish Peltzman effects: as policies lower the risk of infections, people become more socially active, which—in turn—undermines their effectiveness. We detect patterns in data for both US states and countries in Western Europe that are consistent with the notion that such effects are shaping actual infection dynamics to a considerable extent.
Schlagwörter: 
Pandemic
Behavioral adjustment
SIR model
Risk compensation
Lockdowns
Vaccinations
JEL: 
I12
I18
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Dokumentart: 
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Dokumentversion: 
Published Version

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