Social Distancing and Contagion in a Discrete Choice Model of COVID-19
13 Pages Posted: 22 Apr 2020
Date Written: April 20, 2020
We present an epidemic model in which heterogenous agents choose whether to enact social distancing practices. The policy maker decides on the timing and the extent of policies that incentivise social distancing. We evaluate the consequences of interventions and find that: (i) the timing of intervention is paramount in slowing the contagion, and (ii) a delay cannot be compensated by stronger measures.
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