Pandemic economics

Galiani, Sebastián

doi:10.1016/j.jebo.2021.10.016

Cited by 17 publications

(12 citation statements)

References 38 publications

(31 reference statements)

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“…As argued in detail by Amir et al (2023), the equilibrium properties of this model are consistent with the main salient stylized facts that pertain to this industry, according to Arnould and DeBrock (1996), Scherer (2007), and Danzon and Pereira (2011). These stylized facts may be summarized as follows: (i) a natural monopoly or oligopoly with few firms as a stable market 1 Other relevant accounts may be found in Dasgupta et al (2021) and Galiani (2022). 2 Just to mention some examples, Nganmeni et al (2022) offer a cooperative games perspective.…”

supporting

confidence: 67%

First‐best health policy in vaccine markets with health and network externalities

Amir,

Garcia,

Topolyan

2023

J Public Economic Theory

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This paper considers an oligopolistic market for a vaccine, characterized by negative network effects, which stem from the free‐riding behavior of individuals engaged in a vaccination game. Vaccine markets often suffer from three imperfections: high concentration, network effects, and a health externality (contagion). The first conclusion of the paper is that the negative network externality is important as a market distortion, as it may lead to significant welfare losses. The second and main part of the paper develops a two‐part per‐unit subsidy scheme that a social planner could use to target both consumers and producers of vaccines. The scope of such a subsidy scheme to induce the firms to produce the first‐best output without network effects (which is the most ambitious first‐best target) is investigated. In many cases, while the first‐best is attainable, it requires negative prices for vaccines, which amounts to rewarding consumers to induce them to vaccinate.

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supporting

confidence: 67%

First‐best health policy in vaccine markets with health and network externalities

Amir,

Garcia,

Topolyan

2023

J Public Economic Theory

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“…Our long period of analysis from the beginning of 2020 to late 2022 enables us to consider the height of the pandemic in almost all nations (keeping in mind that at the time of writing, the current pandemic is not officially over). Overall, this research can be seen as adding to the growing body of research on pandemic economics (Galiani, 2022;Goel & Jones, 2022;Goel & Nelson, 2022).…”

Section: Discussionmentioning

confidence: 90%

“…As discussed earlier, most of the literature has studied the effects of lockdowns (Ashraf, 2020; Caro et al, 2022; Galiani, 2022; Goel & Nelson, 2022; Goolsbee & Syverson, 2021; Gottlieb et al, 2020; Koren & Peto, 2020), and a few studies have considered its causes, mainly in the initial stages of the pandemic, notably Ferraresi et al (2020) and Nelson (2021).…”

Section: Background and Empirical Modelmentioning

confidence: 99%

“…The extant literature has almost exclusively considered the effects of lockdown severity (Arve et al, 2022; Ashraf, 2020; Chakrabarty & Mukherjee, 2022; Goolsbee & Syverson, 2021; Gottlieb et al, 2020; Koren & Peto, 2020; Nagarajan & Sharma, 2021; Ratto et al, 2021, and Galiani, 2022 for a more general perspective). In contrast, this paper's novel focus on the determinants of lockdown severity should be informative in guiding policy in future pandemics and for nations that were relative laggards in policy responses to the current pandemic (also, see related, Ferraresi et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

“…3 Third, island nations figure in both the most aggressive and least aggressive lists. Finally, Scandinavian nations (Sweden, Iceland, Finland, and Denmark) The extant literature has almost exclusively considered the effects of lockdown severity (Arve et al, 2022;Ashraf, 2020;Chakrabarty & Mukherjee, 2022;Goolsbee & Syverson, 2021;Gottlieb et al, 2020;Koren & Peto, 2020;Nagarajan & Sharma, 2021;Ratto et al, 2021, andGaliani, 2022 for a more general perspective).…”

mentioning

confidence: 99%

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Aggressive COVID‐19 lockdown policies: What factors significantly drove them across nations?

Goel

Nelson

2023

Manage Decis Econ

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This paper examines the determinants of COVID‐19 lockdown severity across nations. How significant were health, economic, political, institutional, and social factors in determining the severity of government responses to the pandemic? Using data on 162 nations from March 2020 to July 2022, results show that it was mainly controlling the spread of the pandemic that led nations to more serve measures against the pandemic. These efforts were tempered in nations that had larger governments and in those with better enforcement and the ones with more elderly. On the other hand, economic prosperity, political structures, macro‐level uncertainties, trade openness, and corruption did not appreciably matter.

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Complex externalities, pandemics, and public choice

Murtazashvili,

Zhou

2023

Public Choice

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Pandemic economics

Cited by 17 publications

References 38 publications

First‐best health policy in vaccine markets with health and network externalities

First‐best health policy in vaccine markets with health and network externalities

Aggressive COVID‐19 lockdown policies: What factors significantly drove them across nations?

Complex externalities, pandemics, and public choice

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