| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15386 |
| DP15386 Efficient Policy Interventions in an Epidemic | |
| Piero Gottardi; Alberto Bisin | |
| 发表日期 | 2020-10-19 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In the context of an epidemic, a society is forced to face a complex system of externalities in consumption and in production. Command economy interventions can support Efficient allocations at the cost of severe information requirements. Competitive markets for infection rights (alternatively, Pigouvian taxes) can guarantee instead efficiency without requiring direct policy interventions on the activity of agents and firms. We demonstrate that this is the case also when the infections cannot be associated to the activities which originated them; and moral hazard then ensues. Finally, we extend the analysis to situations where governments have only incomplete information regarding the values of the parameters of the infection process or of firms' production processes. |
| 主题 | Industrial Organization ; Public Economics |
| 关键词 | Epidemic Externalities Pigouvian taxes Infection rights |
| URL | https://cepr.org/publications/dp15386 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544371 |
| 推荐引用方式 GB/T 7714 | Piero Gottardi,Alberto Bisin. DP15386 Efficient Policy Interventions in an Epidemic. 2020. |
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