Social interactions and the prophylaxis of SI epidemics on networks

We investigate the containment of epidemic spreading in networks from a normative point of view. We consider a susceptible/infected model in which agents can invest in order to reduce the contagiousness of network links. In this setting, we study the relationships between social efficiency, individu...

Full description

Saved in:
Bibliographic Details
Main Authors: Bouveret, Géraldine, Mandel, Antoine
Other Authors: School of Physical and Mathematical Sciences
Format: Article
Language:English
Published: 2021
Subjects:
Online Access:https://hdl.handle.net/10356/146765
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Nanyang Technological University
Language: English
id sg-ntu-dr.10356-146765
record_format dspace
spelling sg-ntu-dr.10356-1467652023-02-28T19:59:41Z Social interactions and the prophylaxis of SI epidemics on networks Bouveret, Géraldine Mandel, Antoine School of Physical and Mathematical Sciences Science Social sciences Network Epidemic Spreading We investigate the containment of epidemic spreading in networks from a normative point of view. We consider a susceptible/infected model in which agents can invest in order to reduce the contagiousness of network links. In this setting, we study the relationships between social efficiency, individual behaviours and network structure. First, we characterise individual and socially efficient behaviour using the notions of communicability and exponential centrality. Second, we show, by computing the Price of Anarchy, that the level of inefficiency can scale up to linearly with the number of agents. Third, we prove that policies of uniform reduction of interactions satisfy some optimality conditions in a vast range of networks. In setting where no central authority can enforce such stringent policies, we consider as a type of second-best policy the implementation of cooperation frameworks that allow agents to subsidise prophylactic investments in the global rather than in the local network. We then characterise the scope for Pareto improvement opened by such policies through a notion of Price of Autarky, measuring the ratio between social welfare at a global and a local equilibrium. Overall, our results show that individual behaviours can be extremely inefficient in the face of epidemic propagation but that policy can take advantage of the network structure to design welfare improving containment policies. Accepted version 2021-03-10T01:57:57Z 2021-03-10T01:57:57Z 2021 Journal Article Bouveret, G., & Mandel, A. (2021). Social interactions and the prophylaxis of SI epidemics on networks. Journal of Mathematical Economics, 93, 102486-. doi:10.1016/j.jmateco.2021.102486 0304-4068 https://hdl.handle.net/10356/146765 10.1016/j.jmateco.2021.102486 93 102486 en Journal of Mathematical Economics © 2021 Elsevier B.V. All rights reserved. This paper was published in Journal of Mathematical Economics and is made available with permission of Elsevier B.V. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Science
Social sciences
Network
Epidemic Spreading
spellingShingle Science
Social sciences
Network
Epidemic Spreading
Bouveret, Géraldine
Mandel, Antoine
Social interactions and the prophylaxis of SI epidemics on networks
description We investigate the containment of epidemic spreading in networks from a normative point of view. We consider a susceptible/infected model in which agents can invest in order to reduce the contagiousness of network links. In this setting, we study the relationships between social efficiency, individual behaviours and network structure. First, we characterise individual and socially efficient behaviour using the notions of communicability and exponential centrality. Second, we show, by computing the Price of Anarchy, that the level of inefficiency can scale up to linearly with the number of agents. Third, we prove that policies of uniform reduction of interactions satisfy some optimality conditions in a vast range of networks. In setting where no central authority can enforce such stringent policies, we consider as a type of second-best policy the implementation of cooperation frameworks that allow agents to subsidise prophylactic investments in the global rather than in the local network. We then characterise the scope for Pareto improvement opened by such policies through a notion of Price of Autarky, measuring the ratio between social welfare at a global and a local equilibrium. Overall, our results show that individual behaviours can be extremely inefficient in the face of epidemic propagation but that policy can take advantage of the network structure to design welfare improving containment policies.
author2 School of Physical and Mathematical Sciences
author_facet School of Physical and Mathematical Sciences
Bouveret, Géraldine
Mandel, Antoine
format Article
author Bouveret, Géraldine
Mandel, Antoine
author_sort Bouveret, Géraldine
title Social interactions and the prophylaxis of SI epidemics on networks
title_short Social interactions and the prophylaxis of SI epidemics on networks
title_full Social interactions and the prophylaxis of SI epidemics on networks
title_fullStr Social interactions and the prophylaxis of SI epidemics on networks
title_full_unstemmed Social interactions and the prophylaxis of SI epidemics on networks
title_sort social interactions and the prophylaxis of si epidemics on networks
publishDate 2021
url https://hdl.handle.net/10356/146765
_version_ 1759856913597595648