Pandemics, public policy, and Peltzman effects

B-Tier
Journal: Economic Theory
Year: 2025
Volume: 79
Issue: 3
Pages: 889-910

Authors (3)

Alexander Dietrich (not in RePEc) Wilhelm Kohler (not in RePEc) Gernot Müller (Eberhard-Karls-Universität Tüb...)

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

Abstract Against the backdrop of Covid-19, we study the effectiveness of public policies typically employed to fight an epidemic. We extend the compartmental SIR model to explore the trade-offs which govern individual behavior. Our stylized model allows for a closed form analysis of vaccination and lockdown policies. We establish Peltzman effects: as policies lower the risk of infections, people become more socially active, which—in turn—undermines their effectiveness. We detect patterns in data for both US states and countries in Western Europe that are consistent with the notion that such effects are shaping actual infection dynamics to a considerable extent.

Technical Details

RePEc Handle
repec:spr:joecth:v:79:y:2025:i:3:d:10.1007_s00199-024-01605-5
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25