Testing alone is insufficient
The fear of contracting a serious illness caused by a contagious disease limits economic activity even after reopening. Widespread testing alone will not alleviate this problem. We argue that targeted testing in concert with targeted transfers is essential. We propose a model with these features to...
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| Veröffentlicht in: | Review of economic design 2022, Vol.26 (1), p.1-21 |
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| container_title | Review of economic design |
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| creator | Deb, Rahul Pai, Mallesh Vohra, Akhil Vohra, Rakesh |
| description | The fear of contracting a serious illness caused by a contagious disease limits economic activity even after reopening. Widespread testing alone will not alleviate this problem. We argue that targeted testing in concert with targeted transfers is essential. We propose a model with these features to determine where agents should be tested and how they should be incentivized. Agents with a low wage, a high risk of infection, and who bear a large cost of falling ill should be tested at work. When testing is very costly, agents with high wages and low expected costs associated with falling ill should be tested at home. |
| doi_str_mv | 10.1007/s10058-022-00295-6 |
| format | Article |
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Widespread testing alone will not alleviate this problem. We argue that targeted testing in concert with targeted transfers is essential. We propose a model with these features to determine where agents should be tested and how they should be incentivized. Agents with a low wage, a high risk of infection, and who bear a large cost of falling ill should be tested at work. 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| source | EBSCOhost Business Source Complete; SpringerLink Journals - AutoHoldings |
| subjects | Behavioral/Experimental Economics Coronaviruses COVID-19 Disease transmission Economic activity Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Game Theory Incentives Infections Microeconomics Original Paper Pandemics Social and Behav. Sciences Subsidies Wages & salaries |
| title | Testing alone is insufficient |
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