Income effect in private contribution of public goods: economic impact payment in the Covid-19 pandemic

This paper studies the public good nature of Covid-19 mitigation effort, and illustrates the relationship between income level and the voluntary contribution to the Covid-19 mitigation effort. I build a theoretical model to show that there exists a threshold income level. All individuals whose income is lower than the threshold only contribute mitigation effort at … Continue reading Income effect in private contribution of public goods: economic impact payment in the Covid-19 pandemic