On Price Fluctuation in Public Health Crisis

Yiming Zhang, Xiaona Yuan


This thesis focuses on households’ response to public health crisis like SARS. A model is proposed to describe households’ efforts to reduce the probability of being affected and severity if being affected. The model is expanded considering households’ learning process towards the crisis. It is concluded that the government can stabilize the sharp increase in market demands by information release.

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DOI: https://doi.org/10.5539/ass.v5n2p24

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