Social distancing and contagion in a discrete choice model of COVID-19
Giorgos Galanis and
Corrado Di Guilmi ()
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Giorgos Baskozos: University of Oxford
Giorgos Galanis: Goldsmiths, University of London, Centre for Applied Macroeconomic Analysis, Australian National University and CRETA, University of Warwick
CRETA Online Discussion Paper Series from Centre for Research in Economic Theory and its Applications CRETA
We present an epidemic model in which heterogenous agents choose whether to enact social distancing practices. The policy maker decides on the timing and the extent of policies that incentivise social distancing. We evaluate the consequences of interventions and find that: (i) the timing of intervention is paramount in slowing the contagion, and (ii) a delay cannot be compensated by stronger measures.
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Working Paper: Social distancing and contagion in a discrete choice model of COVID-19 (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:wcreta:57
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