Bar-On, Yinon; Baron, Tatiana; Cornfeld, Ofer; Milo, Ron; … - 2021
Research in Economics on COVID-19 posits an economy subject to disease dynamics, which are often seriously misspecified in terms of speed and scale. Using a social planner problem, we show that such misspecifications lead to misguided policy. Erroneously characterizing a relatively slow-moving...
