Question
In: Economics
Suppose a pandemic virus strikes and public health experts recommend everyone voluntarily stays at home until...
Suppose a pandemic virus strikes and public health experts recommend everyone voluntarily stays at home until the spread of the virus subsides. For this analysis, assume the players are You and Everyone Else and each of you has the choice between staying at home or going out. If everyone goes out (regardless of what you do), then the pandemic will last longer and everyone receives a payoff of -3. Going out is worth a payoff of 2 (e.g if everyone goes out, then the payoff would be -3+2=-1 for every person that went out).
a. Draw a normal form representation of this game.
b. Do you have a dominant strategy?
c. What is the Nash equilibrium?
d. What does this suggest about public policy and voluntary stay-at-home orders?
Solutions
b)
Rahul Sunny answered 7 months agoRelated Solutions
Suppose that a global health pandemic, known as “new-virus”, results in a dramatic increase in the...
Suppose that a global health pandemic, known as “new-virus”,
results in a dramatic increase in the demand for medical equipment
and medically trained personnel. The rapidity of this increase far
outstrips the ability of supplies of medical equipment and
medically trained personnel to respond in the short-run. Now,
Analyse the short-run impact of this shock on the optimal choice of
health status, health care, and the composite “all other
consumption” commodity in the Wagstaff model. (Interpret health
status in this...
Suppose that a global health pandemic, known as “new-virus”, results in a dramatic increase in the...
Suppose that a global health pandemic, known as “new-virus”,
results in a dramatic increase in the demand for medical equipment
and medically trained personnel. The rapidity of this increase far
outstrips the ability of supplies of medical equipment and
medically trained personnel to respond in the short-run.
1. Ignoring any impacts from health insurance or health care
price regulation, what impact is this likely to have on the have on
the price of health care services? (2 marks.)
2. Analyse...
Evaluate the U.S. public health policy responses to the COVID-19 pandemic. Consider issues such as virus...
Evaluate the U.S. public health policy responses to the COVID-19
pandemic. Consider issues such as virus testing, availability of
medical supplies, contact tracing, social distancing, and
restrictions on economic activity, social gatherings, and travel as
well as any others you think important. Were U.S. policies
appropriate and effective and why? What, if anything should the
U.S. have done differently and why?
Evaluate the U.S. public health policy responses to the COVID-19 pandemic. Consider issues such as virus...
Evaluate the U.S. public health policy responses to the COVID-19
pandemic. Consider issues such as virus testing, availability of
medical supplies, contact tracing, social distancing, and
restrictions on economic activity, social gatherings, and travel as
well as any others you think important. Were U.S. policies
appropriate and effective and why? What, if anything should the
U.S. have done differently and why?
How is public health involved in a pandemic like the COVID 19 pandemic?
How is public health involved in a pandemic like the COVID 19
pandemic?
Access to Health Care: For Everyone, or Just for Some? Reflect on how public health measures...
Access to Health Care: For Everyone, or Just for Some? Reflect
on how public health measures have shaped their daily lives. Come
up with one unmet public health need.
Suppose that you are part of a team that serves as a body of experts to provide recommendations to state legislators and local public health officials.
View the scenario presented:M12 Activity – Public Health
Screening ProgramSuppose that you are part of a team that serves
as a body of experts to provide recommendations to state
legislators and local public health officials. Your team analyzes
and interprets information in order to guide best-practice
decisions for state-wide public health policy and program planning.
Recent research has surfaced regarding the potential of a new
screening test for lead poisoning among children. While the current
gold standard screening test is...
Access to Health Care: For Everyone, or Just for Some? Reflect on how public health measures have...
Access to Health Care: For Everyone, or Just for
Some? Reflect on how public health measures have shaped
their daily lives.
Come up with one unmet public health need.
Discuss the role of public health laboratories in combating the COVID-19 pandemic?
Discuss the role of public health laboratories in combating the
COVID-19 pandemic?
1. What is the Influenza virus, and why has it been a concern to public health...
1. What is the Influenza virus, and why has it been a concern to
public health as far back as 1918 until today? Make sure to address
5 key issues: viral transmission method, viral strains, disease
symptoms and lethality, viral evolution, and vaccine development
(30 points; 6 points each issue). 2. A seasonal vaccine for the
Influenza virus is currently available, and public health officials
generally argue that the benefits of flu vaccinations outweigh the
risks, so that health workers...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- . Use the following information to calculate your company's expected return State Probability Return Boom 20%...
- You are considering the following two projects and can only take one. Your cost of capital...
- C++: Write a program that produces truth tables for the following compound propositions. Write the header...
- 1. What is the historical role of investment bankers ? Has this role changed ? Why...
- How were the original Internet requirements met through its design? What are the two main requirements...
- discuss crowdfunding on platforms: What features of the services incorporate virality? What are some of the...
- A textbook of mass 2.08 kg rests on a frictionless, horizontal surface. A cord attached to...
ADVERTISEMENT