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An Economist's Guide to Epidemiology Models of Infectious Disease

[Symposium: Economics and Epidemiology]

By Christopher Avery, William Bossert, Adam Clark, Glenn Ellison, and Sara Fisher Ellison

Journal of Economic Perspectives, Fall 2020

We describe the structure and use of epidemiology models of disease transmission, with an emphasis on the susceptible/infected/recovered (SIR) model. We discuss high-profile forecasts of cases and deaths that have been based on these models, what went wro...

Demand Volatility, Adjustment Costs, and Productivity: An Examination of Capacity Utilization in Hotels and Airlines

By R. Andrew Butters

American Economic Journal: Microeconomics, November 2020

Measures of productivity reveal large differences across producers even within narrowly defined industries. Traditional measures of productivity, however, will associate differences in demand volatility to differences in productivity when adjusting factor...