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Controlling COVID-19 Outbreaks with Financial Incentives.

Chaeyoung Lee1, Soobin Kwak1, Junseok Kim1

  • 1Department of Mathematics, Korea University, Seoul 02841, Korea.

International Journal of Environmental Research and Public Health
|January 20, 2021
PubMed
Summary
This summary is machine-generated.

Financial incentives can shorten coronavirus disease 2019 (COVID-19) outbreaks by increasing the identification rate of infected individuals. A larger incentive budget leads to a faster epidemic end, reducing overall societal costs.

Keywords:
COVID-19SUC epidemic modelfinancial incentivesleast-squares fitting

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Area of Science:

  • Epidemiology
  • Mathematical Modeling
  • Public Health Interventions

Background:

  • Controlling infectious disease outbreaks, such as COVID-19, requires rapid identification and isolation of infected individuals.
  • The susceptible-unidentified infected-confirmed (SUC) epidemic model offers a framework to analyze disease spread dynamics.
  • Unidentified infected populations pose a significant risk for continued transmission.

Purpose of the Study:

  • To evaluate the effectiveness of financial incentives as a public health strategy for controlling COVID-19.
  • To predict the impact of financial incentives on epidemic duration and case numbers using the SUC model.
  • To determine the relationship between incentive budget size and epidemic termination time.

Main Methods:

  • Utilized the susceptible-unidentified infected-confirmed (SUC) epidemic model to simulate COVID-19 spread.
  • Estimated key epidemiological parameters, including transmission rate and confirmation time, for South Korea.
  • Modeled the effect of financial incentives by adjusting the proportion of identified infected individuals within the SUC framework.

Main Results:

  • Financial incentives were shown to accelerate the termination of the COVID-19 epidemic.
  • Increased incentive budgets correlated with shorter epidemic durations.
  • The study quantified the impact of incentives on reducing both confirmed and unidentified infected cases.

Conclusions:

  • Financial incentives represent a viable strategy for accelerating the end of infectious disease outbreaks like COVID-19.
  • Implementing financial incentives can lead to significant reductions in overall costs associated with disease control, treatment, and economic recovery.
  • Optimizing incentive allocation is crucial for maximizing epidemic control efficiency.