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来源类型Working Paper
规范类型报告
DOI10.3386/w27742
来源IDWorking Paper 27742
Social Distancing, Vaccination and the Paradoxical Optimality of an Endemic Equilibrium
Andrew B. Abel; Stavros Panageas
发表日期2020-08-31
出版年2020
语种英语
摘要We analyze the impact of public health policy on the spread of a disease using a version of the SIR model that includes vital statistics, waning immunity, and vaccination. This model is rich enough to accommodate endemic steady states and disease-free steady states. We choose social distancing and vaccines to maximize an objective function that penalizes lost output resulting from social distancing, deaths resulting from the disease, and the cost of vaccination. Surprisingly, even though a disease-free equilibrium is attainable, optimal policy leads to an endemic steady state, though with a small number of deaths and negligible loss of output.
主题Microeconomics ; Mathematical Tools ; Macroeconomics ; Fiscal Policy ; Health, Education, and Welfare ; Health ; COVID-19
URLhttps://www.nber.org/papers/w27742
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/585414
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Andrew B. Abel,Stavros Panageas. Social Distancing, Vaccination and the Paradoxical Optimality of an Endemic Equilibrium. 2020.
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