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The COVID-19 pandemic has caused a massive economic shock across the world due to business interruptions and shutdowns from social-distancing measures. To evaluate the socio-economic impact of COVID-19 on individuals, a micro-economic model…

General Economics · Economics 2020-08-06 Amory Martin , Maryia Markhvida , Stéphane Hallegatte , Brian Walsh

We have used agent-based modeling as our numerical method to artificially simulate a dynamic real economy where agents are rational maximizers of an objective function of Cobb-Douglas type. The economy is characterised by heterogeneous…

Theoretical Economics · Economics 2024-01-17 Subhamon Supantha , Naresh Kumar Sharma

Over a year after the start of the COVID-19 epidemics, we are still facing the virus and it is hard to correctly predict its future spread over weeks to come, as well as the impacts of potential political interventions. Current epidemic…

Multiagent Systems · Computer Science 2021-12-03 Benoit Doussin , Carole Adam , Didier Georges

During the Covid-19 pandemic, most governments across the world imposed policies like lock-down of public spaces and restrictions on people's movements to minimize the spread of the virus through physical contact. However, such policies…

Multiagent Systems · Computer Science 2021-09-10 Gaurav Suryawanshi , Varun Madhavan , Adway Mitra , Partha Pratim Chakrabarti

Restarting public buildings activities in the "second phase" of COVID-19 emergency should be supported by operational measures to avoid a second virus spreading. Buildings hosting the continuous presence of the same users and significant…

Physics and Society · Physics 2021-07-16 Marco D'Orazio , Gabriele Bernardini , Enrico Quagliarini

I estimate the Susceptible-Infected-Recovered (SIR) epidemic model for Coronavirus Disease 2019 (COVID-19). The transmission rate is heterogeneous across countries and far exceeds the recovery rate, which enables a fast spread. In the…

Populations and Evolution · Quantitative Biology 2020-03-27 Alexis Akira Toda

This paper aims to study the economic impact of COVID-19. To do that, in the first step, I showed that the adjusted SEQIER model, which is a generalization form of SEIR model, is a good fit to the real COVID-induced daily death data in a…

General Economics · Economics 2022-01-04 Mohammadreza Mahmoudi

Epidemiological simulations as a method are used to better understand and predict the spreading of infectious diseases, for example of COVID-19. This paper presents an approach that combines person-centric data-driven human mobility…

During the COVID-19 crisis there have been many difficult decisions governments and other decision makers had to make. E.g. do we go for a total lock down or keep schools open? How many people and which people should be tested? Although…

Post-pandemic world has thrown up several challenges, such as, high inflation, low growth, high debt, collapse of economies, political instability, job losses, lowering of income in addition to damages caused natural disasters, more…

Computers and Society · Computer Science 2023-02-21 Dibakar Das

While several non-pharmacological measures have been implemented for a few months in an effort to slow the coronavirus disease (COVID-19) pandemic in the United States, the disease remains a danger in a number of counties as restrictions…

Physics and Society · Physics 2021-04-06 Chao Fan , Xiangqi Jiang , Ronald Lee , Ali Mostafavi

The classical DICE model is a widely accepted integrated assessment model for the joint modeling of economic and climate systems, where all model state variables evolve over time deterministically. We reformulate and solve the DICE model as…

General Economics · Economics 2024-12-13 Pavel V. Shevchenko , Daisuke Murakami , Tomoko Matsui , Tor A. Myrvoll

The aim of this work is to explore the possible types of phenomena that simple macroeconomic Agent-Based models (ABM) can reproduce. We propose a methodology, inspired by statistical physics, that characterizes a model through its 'phase…

General Finance · Quantitative Finance 2014-12-30 Stanislao Gualdi , Marco Tarzia , Francesco Zamponi , Jean-Philippe Bouchaud

In this paper, we investigate how the COVID-19 pandemics and more precisely the lockdown of a sector of the economy may have changed our habits and, there-fore, altered the demand of some goods even after the re-opening. In a two-sector…

Theoretical Economics · Economics 2022-03-14 Mauro Bambi , Daria Ghilli , Fausto Gozzi , Marta Leocata

This paper empirically assesses predictions of Goodwin's model of cyclical growth regarding demand and distributive regimes when integrating the real and financial sectors. In addition, it evaluates how financial and employment shocks…

General Economics · Economics 2024-01-15 Marcio Santetti

To prevent the spread of COVID-19, many cities, states, and countries have `locked down', restricting economic activities in non-essential sectors. Such lockdowns have substantially shrunk production in most countries. This study examines…

Social and Information Networks · Computer Science 2021-09-15 Hiroyasu Inoue , Yohsuke Murase , Yasuyuki Todo

COVID-19 has caused tremendous strain on healthcare systems worldwide. At the same time, concern within the population over this strain and the chances of becoming infected has potentially reduced the likelihood of people seeking medical…

Physics and Society · Physics 2022-06-07 Elizabeth Hunter , Bryony L. McGarry , John D. Kelleher

The coronavirus disease 2019 (COVID-19) pandemic has exerted a profound impact on patients with end-stage renal disease relying on kidney dialysis to sustain their lives. Motivated by a request by the U.S. Centers for Medicare & Medicaid…

Methodology · Statistics 2022-09-02 Wenbo Wu , John D. Kalbfleisch , Jeremy M. G. Taylor , Jian Kang , Kevin He

This work validates a dynamic production network model, used to quantify the impact of economic shocks caused by COVID-19 in the UK, using data for Belgium. Because the model was published early during the 2020 COVID-19 pandemic, it relied…

General Economics · Economics 2024-01-12 Tijs W. Alleman , Koen Schoors , Jan M. Baetens

A contact-tracing strategy has been deemed necessary to contain the spread of COVID-19 following the relaxation of lockdown measures. Using an agent-based model, we explore one of the technology-based strategies proposed, a contact-tracing…

Computers and Society · Computer Science 2020-12-18 Jonatan Almagor , Stefano Picascia