Literature DB >> 33633491

An agent-based model of the interrelation between the COVID-19 outbreak and economic activities.

Takeshi Kano1, Kotaro Yasui1,2, Taishi Mikami1, Munehiro Asally3,4,5, Akio Ishiguro1.   

Abstract

As of July 2020, COVID-19 caused by SARS-COV-2 is spreading worldwide, causing severe economic damage. While minimizing human contact is effective in managing outbreaks, it causes severe economic losses. Strategies to solve this dilemma by considering the interrelation between the spread of the virus and economic activities are urgently needed to mitigate the health and economic damage. Here, we propose an abstract agent-based model of the COVID-19 outbreak that accounts for economic activities. The computational simulation of the model recapitulates the trade-off between the health and economic damage associated with voluntary restraint measures. Based on the simulation results, we discuss how the macroscopic dynamics of infection and economics emerge from individuals' behaviours. We believe our model can serve as a platform for discussing solutions to the above-mentioned dilemma.
© 2021 The Authors.

Entities:  

Keywords:  COVID-19; agent-based model; economy; infection

Year:  2021        PMID: 33633491      PMCID: PMC7897648          DOI: 10.1098/rspa.2020.0604

Source DB:  PubMed          Journal:  Proc Math Phys Eng Sci        ISSN: 1364-5021            Impact factor:   2.704


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