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• W3186751769 abstract "We propose a model, which nests a susceptible-infected-recovered-deceased (SIRD) epidemic model into a dynamic macroeconomic equilibrium framework with agents' mobility. The latter affect both their income and their probability of infecting and being infected. Strategic complementarities among individual mobility choices drive the evolution of aggregate economic activity, while infection externalities caused by individual mobility affect disease diffusion. The continuum of rational forward-looking agents coordinates on the Nash equilibrium of a discrete time, finite-state, infinite-horizon Mean Field Game. We prove the existence of an equilibrium and provide a recursive construction method for the search of an equilibrium(a), which also guides our numerical investigations. We calibrate the model by using Italian experience on COVID-19 epidemic and we discuss policy implications." @default.
• W3186751769 created "2021-08-02" @default.
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• W3186751769 date "2023-02-06" @default.
• W3186751769 modified "2023-10-15" @default.
• W3186751769 title "Mobility decisions, economic dynamics and epidemic" @default.
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• W3186751769 doi "https://doi.org/10.1007/s00199-023-01485-1" @default.
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• W3186751769 hasPublicationYear "2023" @default.
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