A rational-choice model of Covid-19 transmission with endogenous quarantining and two-sided prevention

B-Tier
Journal: Journal of Mathematical Economics
Year: 2021
Volume: 93
Issue: C

Authors (3)

Bhattacharya, Joydeep (Iowa State University) Chakraborty, Shankha (not in RePEc) Yu, Xiumei (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:mateco:v:93:y:2021:i:c:s0304406821000306
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24