World Economy Brief
Publications
World Economy Brief
To list
A Theoretical Approach to Evaluating Global Vaccination Plans
economic cooperation, international security
Author Youngseok Park and Sangjun Yea Series 21-02 Language English Date 2021.03.31
We study a game-theoretic model in which there are two periods of time in each of which agents (players) make a vaccination decision, and they choose the level of economic activities. In addition, we consider two kinds of policy measures 1) a vaccination passport policy and 2) a subsidy policy to promote vaccination, and compare the social welfare in each case. We find that introducing a vaccine passport policy or subsidizing to mitigate the expected costs from vaccination may decrease the social welfare when a vaccine is effective to reducing the extent of severeness of illness from virus infection but not successful in curbing the transmissibility of virus.
Executive Summary
1. Introduction
2. Model
3. Subgame-Perfect Nash Equilibrium
4. Government Policies
5. Conclusion
References
Sales Info
Quantity/Size | 32 |
---|---|
Sale Price | 3 $ |
공공저작물 자유이용허락 표시기준 (공공누리, KOGL) 제4유형
대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조