Vaccine Hesitancy, Passports and the Demand for Vaccination

16 Pages Posted: 26 Jul 2021 Last revised: 31 Jul 2021

See all articles by Joshua Gans

Joshua Gans

University of Toronto - Rotman School of Management

Date Written: July 2021

Abstract

Vaccine hesitancy is modelled as an endogenous decision within a behavioural SIR model with endogenous agent activity. It is shown that policy interventions that directly target costs associated with vaccine adoption may counter vaccine hesitancy while those that manipulate the utility of unvaccinated agents will either lead to the same or lower rates of vaccine adoption. This latter effect arises with vaccine passports whose effects are mitigated in equilibrium by reductions in viral/disease prevalence that themselves reduce the demand for vaccination.

Suggested Citation

Gans, Joshua, Vaccine Hesitancy, Passports and the Demand for Vaccination (July 2021). Available at SSRN: https://ssrn.com/abstract=3893356

Joshua Gans (Contact Author)

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada

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