A rational-choice model of COVID-19 transmission with endogenous quarantining and two-sided prevention
Working Paper Department of Economics, Iowa State University
; 20016(32), 2020.
Article
in English
| GIM | ID: covidwho-1173192
Preprint
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This scientific journal article is probably based on a previously available preprint. It has been identified through a machine matching algorithm, human confirmation is still pending.
See preprint
ABSTRACT
This paper offers a parsimonious, rational-choice model to study the effect of pre-existing inequalities on the transmission of COVID-19. Agents decide whether to "go out" (or self-quarantine) and, if so, whether to wear protection such as masks. Three elements distinguish the model from existing work. First, non-symptomatic agents do not know if they are infected. Second, some of these agents unknowingly transmit infections. Third, we permit two-sided prevention via the use of non-pharmaceutical interventions:
the probability of a person catching the virus from another depends on protection choices made by each. We find that a mean-preserving increase in pre-existing income inequality unambiguously increases the equilibrium proportion of unprotected, socializing agents and may increase or decrease the proportion who self-quarantine. Strikingly, while higher pre-COVID inequality may or may not raise the overall risk of infection, it increases the risk of disease in social interactions.
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Collection:
Databases of international organizations
Database:
GIM
Language:
English
Journal:
Working Paper Department of Economics, Iowa State University
Year:
2020
Document Type:
Article
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