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This paper studies the causal impacts of vaccine eligibility on social distancing behaviors (risk compensation). We apply a regression discontinuity design around the birth date cutoff of vaccine eligibility using large, high-frequency data from credit card and airline companies as well as...
Persistent link: https://www.econbiz.de/10014249840
We present an industry classification–level model of economic activities in terms of (1) risk of the novel coronavirus …
Persistent link: https://www.econbiz.de/10012830008
Persistent link: https://www.econbiz.de/10010497119
This paper builds a government policy choice model in a general equilibrium setting in which households' health status responds to a stricter policy on the pandemic. By assuming an exogenous policy decision date, the model implies the government should maintain the current policy until the...
Persistent link: https://www.econbiz.de/10013231677
Rationale: The policy of free and universal access to healthcare in Brazil, that assures the principle of equity based on the Federal Constitution of 1988, has caused repercussions as citizens become more aware of their rights. This has been achieved via lawsuits based on the statement: health...
Persistent link: https://www.econbiz.de/10014049881
We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an … epidemic model and link valuations to infections via an asset-pricing framework with vaccines. Infections lower earnings growth … but firms can mitigate damages. We estimate a large reproduction number R0 and transmission volatility for COVID-19. Using …
Persistent link: https://www.econbiz.de/10012833123
We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an … epidemic model and link valuations to infections by using an asset-pricing framework that accounts for vaccines. Infections … lower earnings growth but firms can mitigate damages. We estimate a large reproduction number R_0 and transmission …
Persistent link: https://www.econbiz.de/10012834259
We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an … epidemic model and link valuations to infections via an asset-pricing framework with vaccines. Infections lower earnings growth … but firms can mitigate damages. We estimate a large reproduction number R0 and transmission volatility for COVID-19. Using …
Persistent link: https://www.econbiz.de/10012481801
Persistent link: https://www.econbiz.de/10012237974
The precautionary principle (PP) has been proposed as the proper guide for the decision-making criteria to be adopted in the face of the new catastrophic risks that have arisen in the last decades. This article puts forward a workable definition of the PP based on the so-called a-maximin...
Persistent link: https://www.econbiz.de/10014054732