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Managing the risk of COVID‐19 via vaccine passports: Modeling economic and policy implications
Author(s) -
Goel Rajeev K.,
Jones James R.
Publication year - 2022
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.3546
Subject(s) - covid-19 , pandemic , business , coronavirus , law and economics , economics , public economics , virology , biology , medicine , disease , pathology , outbreak , infectious disease (medical specialty)
The increasing use of vaccine passports (VPs) to certify immunity from the prevailing coronavirus has created positive and negative aspects that have shaken the workings of markets. The VPs are, however, not universally used and not required by all businesses and governments at this point. Given the newness associated with VPs and the ongoing uncertainty of the pandemic, full implications of VPs have not been considered. This paper provides some formal insights into the implications of the use of VPs, borrowing from the established economic theory. Recommendations for public policy are provided.