0579211 20250310153246.320231208235959.9 85177885695 001124876200001 10.1016/j.jebo.2023.11.011 22 s. P cav_un_epca*02511940167-26812171 (2024)312-333Elsevier Endogenous cycles COVID-19 pandemic Bounded rationality Heterogenous expectations cav_un_auth*0459871 Proaño Ch. R. DE K cav_un_auth*0293468 Kukačka Jiří UTIA-B Ekonometrie Department of Econometrics E E Department of Econometrics CZ Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0459872 Makarewicz T. DE http://library.utia.cas.cz/separaty/2023/E/kukacka-0579211.pdf https://www.sciencedirect.com/science/article/pii/S0167268123004110?via%3Dihub The reluctance of a non-trivial fraction of the population to adhere to social distancing measures - and even to get vaccinated - during the COVID-19 pandemic represented a challenge for imposed public health policies in many countries around the world. Against this background we study the impact of boundedly rational perceptions for the dynamics of epidemics such as the COVID-19 pandemic in a standard epidemic model extended by a stylized macroeconomic dimension similar to Atkeson et al. (2021). We illustrate through which channels misperceptions or even “scepticism” concerning the infectiousness of the disease or its mortality rate may undermine the effectiveness of lockdowns and other public health policies in the long-run. 2025 AH WOS 50000 50200 50202 3 2 R hod 4 4rh 4 20250310151922.4 4 20250310153246.3 RVO:67985556 https://hdl.handle.net/11104/0348312 S A ECONOMICS 2.6 0.4 8.4 0.02045 1.27 13912 144 1.437 55.85 2.63 3910 Q1 2.200 381 Q2 71.9 0.75 Q2 71.9 2024 Soubory v repozitáři: kukacka-0579211.pdf 85177885695 SCOPUS PUBMED 001124876200001 WOS cav_un_epca*0251194 Journal of Economic Behavior & Organization 0167-2681 1879-1751 Roč. 217 č. 1 2024 312 333 Elsevier