Game Theory: COVID-19 Lockdown Policy - China and US

16 Pages Posted: 12 Sep 2022

Date Written: September 12, 2022

Abstract

As we all know, when a government or organization needs to formulate policies in the real world, the most critical part is the evaluation stage. If you want a better solution, you can adopt a systematic evaluation, or you can adopt game theory in economics. Evaluate all aspects for a more comprehensive analysis. The article will use the prisoner’s game theory dilemma to analyze whether China and the United States will adopt a city/state lockdown policy to gain core competitive advantages in the face of COVID-19.

Keywords: COVID-19; Game theory; Policy process

JEL Classification: O11

Suggested Citation

Kailong, Yu, Game Theory: COVID-19 Lockdown Policy - China and US (September 12, 2022). Available at SSRN: https://ssrn.com/abstract=4216036 or http://dx.doi.org/10.2139/ssrn.4216036

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