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Group-identity and long-run cooperation: an experiment

Author

Listed:
  • Gabriele Camera

    (Economic Science Institute, Chapman University and DSE, University of Bologna)

  • Alessandro Gioffre

    (DISEI, University of Florence)

Abstract

The sudden appearance of the SARS-CoV-2 virus and the onset of the COVID-19 pandemic triggered extreme and open-ended “lockdowns†to manage the disease. Should these drastic interventions be the blueprint for future epidemics? We construct an analytical framework, based on the theory of random matching, which makes explicit how epidemics spread through economic activity. Imposing lockdowns by assumption prevents contagion and reduces healthcare costs, but also disrupts income-generation processes. We characterize how lockdowns impact the contagion process and social welfare. Numerical analysis suggests that protracted, open-ended lockdowns are generally suboptimal, bringing into question the policy responses seen in many countries.

Suggested Citation

  • Gabriele Camera & Alessandro Gioffre, 2021. "Group-identity and long-run cooperation: an experiment," Working Papers 21-13, Chapman University, Economic Science Institute.
    • Handle: RePEc:chu:wpaper:21-13
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    File URL: https://digitalcommons.chapman.edu/esi_working_papers/350/
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    Cited by:

    1. Gabriele Camera & Lukas Hohl & Rolf Weder, 2023. "Inequality as a barrier to economic integration? An experiment," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 383-411, April.

    More about this item

    Keywords

    decentralized markets; random matching; contagion; nonpharmaceutical interventions;
    All these keywords.

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D6 - Microeconomics - - Welfare Economics
    • I1 - Health, Education, and Welfare - - Health

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