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Vaccination lottery

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  • Kim, Duk Gyoo

Abstract

Ohio announced a Vax-a-Million Lottery in May 2021 to encourage people to get vaccinated. If people avoid vaccinations because they (1) worry about rare but critical side effects or (2) want to free-ride on herd immunity, the vaccination lottery may work better or worse than a lump-sum transfer to the contributors for herd immunity. I experimentally compare the effectiveness of the vaccination lottery with a lump-sum transfer. Overall, the vaccination lottery works better, and it especially incentivizes probability-weighting subjects.

Suggested Citation

  • Kim, Duk Gyoo, 2021. "Vaccination lottery," Economics Letters, Elsevier, vol. 208(C).
    • Handle: RePEc:eee:ecolet:v:208:y:2021:i:c:s0165176521003360
    DOI: 10.1016/j.econlet.2021.110059
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