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. 2022 Oct 1:1–32. Online ahead of print. doi: 10.1007/s42973-022-00120-3

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© Japanese Economic Association 2022, Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

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Fig. 5 — Ambiguity on the infection rate. Notes: We ran OLS with the dummies of Ambiguity 1 and Ambiguity 2 as independent variables and report the estimated coefficients of the two dummy variables