This paper explores how governments may efficiently inform the public about an epidemic to induce compliance with their … exaggerate the severity of the epidemic if the government heavily prioritizes the economy over population health or vice versa … severity of the epidemic. When the government weighs the economy and population health sufficiently equally, however, the …

This paper explores how governments may efficiently inform the public about an epidemic to induce compliance with their … exaggerate the severity of the epidemic if it heavily prioritizes the economy over population health or vice versa. Importantly … the epidemic. When the government weighs the economy and population health sufficiently equally, however, the government …

This paper explores how governments may efficiently inform the public about an epidemic to induce compliance with their … exaggerate the severity of the epidemic if it heavily prioritizes the economy over population health or vice versa. Importantly … the epidemic. When the government weighs the economy and population health sufficiently equally, however, the government …

signals. Bunching is different from herding; it occurs in the first period and recursively until herding takes place or the … symmetric mixed strategy equilibrium. When players become patient enough, herding of investment disappears in the most efficient …