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Social Distancing, Vaccination and the Paradoxical Optimality of an Endemic Equilibrium

Abel, Andrew B.; Panageas, Stavros - 2021

We analyze the impact of public health policy on the spread of a disease using a version of the SIR model that includes vital statistics, waning immunity, and vaccination. This model is rich enough to accommodate endemic steady states and disease-free steady states. We choose social distancing...

Persistent link: https://www.econbiz.de/10013231849

Q Theory Without Adjustment Costs & Cash Flow Effects Without Financing Constraints

Eberly, Janice C.; Abel, Andrew B. - Society for Economic Dynamics - SED - 2004

one, Tobin's Q is informative about the firm's growth prospects. We show that investment is positively related to Tobin …, cash flow has a positive effect on investment, and this effect is larger for smaller, faster growing and more volatile … cast doubt on evidence of financing constraints based on cash flow effects on investment …

Persistent link: https://www.econbiz.de/10004970341