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Who Should Get Vaccines First?

Author

Listed:
  • Nikhil Vellodi
  • Joshua Weiss

Abstract

We study optimal vaccination policies using a novel theoretical framework. We characterize the optimal vaccine allocation scheme in our model, which entails giving the highest priority to people with intermediate vulnerability and giving greater weight to potential exposure rather than vulnerability. Numerical results demonstrate that this approach performs significantly better than commonly considered strategies, in particular prioritizing only people who are the most vulnerable to severe illness.

Suggested Citation

  • Nikhil Vellodi & Joshua Weiss, 2021. "Who Should Get Vaccines First?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 21(16), May.
    • Handle: RePEc:fip:fedreb:92726
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    File URL: https://www.richmondfed.org/publications/research/economic_brief/2021/eb_21-16
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    Keywords

    Economic Growth and Fiscal Policy;

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