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Economic Freedom, Pandemics and Robust Political Economy

Candela, Rosolino; Geloso, Vincent - 2021

What is the relationship, if any, between economic freedom and pandemics? This paper addresses this question from a robust political economy approach. As is the case with recovery from natural disasters or warfare, a society that is relatively free economically offers economic actors greater...

Persistent link: https://www.econbiz.de/10013250924

Blissful Ignorance : the Value of Information in a Pandemic

Eslami, Keyvan; Lee, Hyunju - 2021

This paper studies how partial information regarding the true number of infected affects optimal mitigation and testing policies during the COVID-19 pandemic. We start by documenting two motivating observations which highlight the value of information: First, an overreaction in mitigation at the...

Persistent link: https://www.econbiz.de/10013214741

COVID-19 Lockdowns under Imperfect Redistribution : Stylized Facts and Theory

Rothert, Jacek; Lawrence, Joshua - 2021

The elasticity of economic restrictions with respect to the virus's reproduction rate is higher in countries that had lower pre-pandemic levels of disposable income inequality. A stylized, heterogenous agents model with costly redistribution can account for that pattern. Our results suggest...

Persistent link: https://www.econbiz.de/10013214997

Optimal Interventions in Networks during a Pandemic

Pongou, Roland; Tchuente, Guy; Tondji, Jean-Baptiste - 2022

We develop a model of optimal lockdown policy for a social planner who balances population health with short-term wealth accumulation. The unique solution depends on tolerable infection incidence and social network structure. We then use unique data on nursing home networks in the United States...

Persistent link: https://www.econbiz.de/10013323958

COVID-19: erroneous modelling and its policy implications

Bar-On, Yinon; Baron, Tatiana; Cornfeld, Ofer; Milo, Ron; … - 2021

Research in Economics on COVID-19 posits an economy subject to disease dynamics, which are often seriously misspecified in terms of speed and scale. Using a social planner problem, we show that such misspecifications lead to misguided policy. Erroneously characterizing a relatively slow-moving...

Persistent link: https://www.econbiz.de/10012491161

Epidemic Financing Facilities : Pandemic Bonds and Endemic Swaps

Huang, Shimeng; Ken Seng Tan; Zhang, Jinggong; Zhu, Wenjun - 2021

sufferings, it has also heightened the need for more effective solutions for managing epidemic-related risks. In this paper, we … pro- pose two capital market-based epidemic financing facilities to address two extremes of epidemic risks. The proposed … endemic. Using coronavirus as an example of a pandemic and dengue fever as an example of an endemic, we discuss the modeling …

Persistent link: https://www.econbiz.de/10013222889

Risk Aversion, Guilt, and Pandemic Behavior

Collier, Trevor; Cotten, Stephen J.; Roush, Justin - 2021

emergency in response to the global outbreak of a coronavirus named SARS-CoV-2 (COVID-19). We find that higher levels of risk …

Persistent link: https://www.econbiz.de/10013250942

The Consumption of Goods and Services in 2020 : The Pandemic Model

Burdyak, Aleksandra - 2021

The real cash incomes of the population in 2020 decreased by 3.0% compared to 2019, the real disposable cash incomes contracted by 3.5%. Consumption model of Russian people has changed in the wake of the pandemic: the share of expenses on services has decreased to near 2016 level, meanwhile the...

Persistent link: https://www.econbiz.de/10013239233

Paradoxes and mysteries in virus-infected supply chains : hidden bottlenecks, changing consumer behaviors, and other non-usual suspects

Kouvelis, Panos - In: Business horizons 65 (2022) 4, pp. 469-479

Persistent link: https://www.econbiz.de/10013325847

Endogenous social distancing in an epidemic

Vandenbroucke, Guillaume - 2020

Persistent link: https://www.econbiz.de/10012306773