Learning from deregulation: The asymmetric impact of lockdown and reopening on risky behavior during COVID‐19
研究了美国各州居家令的发布与撤销如何影响餐馆活动，发现撤销居家令被消费者解读为外出更安全，导致餐馆活动迅速回升，这可能是部分州解封后病例激增的原因。
During the coronavirus disease 2019 (COVID-19) pandemic, states issued and then rescinded stay-at-home orders that restricted mobility. We develop a model of learning by deregulation, which predicts that lifting stay-at-home orders can signal that going out has become safer. Using restaurant activity data, we find that the implementation of stay-at-home orders initially had a limited impact, but that activity rose quickly after states' reopenings. The results suggest that consumers inferred from reopening that it was safer to eat out. The rational, but mistaken inference that occurs in our model may explain why a sharp rise of COVID-19 cases followed reopening in some states.