Pandemics, public policy, and Peltzman effects
研究新冠疫情期间疫苗接种和封锁等公共政策的效果，发现政策降低感染风险后人们社交活动增加，反而削弱了政策效力，并在美国和西欧数据中验证了这种佩尔茨曼效应。
Abstract Against the backdrop of Covid-19, we study the effectiveness of public policies typically employed to fight an epidemic. We extend the compartmental SIR model to explore the trade-offs which govern individual behavior. Our stylized model allows for a closed form analysis of vaccination and lockdown policies. We establish Peltzman effects: as policies lower the risk of infections, people become more socially active, which—in turn—undermines their effectiveness. We detect patterns in data for both US states and countries in Western Europe that are consistent with the notion that such effects are shaping actual infection dynamics to a considerable extent.