Optimal Trade-Off Between Economic Activity and Health During an Epidemic
(2020)- Abstract
- Thispaperconsidersasimplemodelwhereasocialplannercaninfluencethespread-intensity of an infection wave, and, consequently, also the economic activity and population health, throughasingleparameter. Populationhealthisassumedtoonlybenegativelyaffectedwhen thenumberofsimultaneouslyinfectedexceedshealthcarecapacity. Themainfindingisthat if (i) the planner attaches a positive weight on economic activity and (ii) it is more harmful for the economy to be locked down for longer than shorter time periods, then the optimal policy is to (weakly) exceed health care capacity at some time.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/4754fa1b-088a-4cd6-b16b-2ee3b3bf4ef8
- author
- Andersson, Tommy LU ; Erlanson, Albin ; Spiro, Daniel and Östling, Robert
- organization
- alternative title
- Optimal trade-off mellan ekonomisk aktivitet och hälsa under en epidemi
- publishing date
- 2020-05-18
- type
- Other contribution
- publication status
- unpublished
- subject
- keywords
- Covid-19 pandemic, SI-model, economic activity, health, optimal policy
- pages
- 12 pages
- language
- English
- LU publication?
- yes
- id
- 4754fa1b-088a-4cd6-b16b-2ee3b3bf4ef8
- alternative location
- https://arxiv.org/abs/2005.07590
- date added to LUP
- 2020-05-18 20:17:41
- date last changed
- 2020-05-19 08:36:44
@misc{4754fa1b-088a-4cd6-b16b-2ee3b3bf4ef8,
abstract = {{Thispaperconsidersasimplemodelwhereasocialplannercaninfluencethespread-intensity of an infection wave, and, consequently, also the economic activity and population health, throughasingleparameter. Populationhealthisassumedtoonlybenegativelyaffectedwhen thenumberofsimultaneouslyinfectedexceedshealthcarecapacity. Themainfindingisthat if (i) the planner attaches a positive weight on economic activity and (ii) it is more harmful for the economy to be locked down for longer than shorter time periods, then the optimal policy is to (weakly) exceed health care capacity at some time.}},
author = {{Andersson, Tommy and Erlanson, Albin and Spiro, Daniel and Östling, Robert}},
keywords = {{Covid-19 pandemic; SI-model; economic activity; health; optimal policy}},
language = {{eng}},
month = {{05}},
title = {{Optimal Trade-Off Between Economic Activity and Health During an Epidemic}},
url = {{https://arxiv.org/abs/2005.07590}},
year = {{2020}},
}