dc.contributor.author | Boppart, Timo | |
dc.contributor.author | Harmenberg, Karl | |
dc.contributor.author | Krusell, Per | |
dc.contributor.author | Olsson, Jonna | |
dc.date.accessioned | 2023-07-20T10:37:55Z | |
dc.date.available | 2023-07-20T10:37:55Z | |
dc.date.created | 2022-01-18T10:50:47Z | |
dc.date.issued | 2022 | |
dc.identifier.citation | Journal of Economic Dynamics and Control. 2022, 140 . | en_US |
dc.identifier.issn | 0165-1889 | |
dc.identifier.uri | https://hdl.handle.net/11250/3080415 | |
dc.description.abstract | Using an integrated epi-econ model, we compute the value of vaccines for Covid-19, both under a planner’s solution and in competitive equilibrium. The specific model, developed in Boppart, Harmenberg, Hassler, Krusell, and Olsson (2020), factors in not just value-of-life aspects along with standard economic variables but also the value of leisure activities that rely on a social component. We find that the societal value of vaccination is large; we estimate that, translated into monetary terms, the value of vaccinating one young individual in the competitive equilibrium is $17,800. Externalities are large: less than half the societal value is internalized by individuals (assuming that they act purely in their self-interest). Finally, behavioral responses are important, with a substantial share of the value of vaccines being attributed to people enjoying more socially-oriented leisure when more people are vaccinated. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Elsevier | en_US |
dc.rights | Navngivelse 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/deed.no | * |
dc.title | Integrated epi-econ assessment of vaccination | en_US |
dc.title.alternative | Integrated epi-econ assessment of vaccination | en_US |
dc.type | Peer reviewed | en_US |
dc.type | Journal article | en_US |
dc.description.version | publishedVersion | en_US |
dc.source.pagenumber | 12 | en_US |
dc.source.volume | 140 | en_US |
dc.source.journal | Journal of Economic Dynamics and Control | en_US |
dc.identifier.doi | 10.1016/j.jedc.2022.104308 | |
dc.identifier.cristin | 1983326 | |
cristin.ispublished | true | |
cristin.fulltext | original | |
cristin.qualitycode | 1 | |