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A Simple Model of the Production-health Trade-off During an Epidemic

Andersson, Tommy LU ; Erlanson, Albin ; Östling, Robert and Spiro, Daniel (2022) In Economics Bulletin 42(1). p.224-231
Abstract

The purpose of this paper is to simplify the standard framework integrating epidemiological and economic concerns. We present a model where a social planner can influence the spread-intensity of an infection wave through a single parameter. The spread-intensity affects both economic activity and population health. We study the planner's optimal trade-off between upholding economic activity and preserving population health and show analytically that the solution has a natural interpretation with intuitive comparative statics

Please use this url to cite or link to this publication:
author
; ; and
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
Economics Bulletin
volume
42
issue
1
pages
8 pages
publisher
Economics Bulletin
external identifiers
  • scopus:85133423243
ISSN
1545-2921
language
English
LU publication?
yes
id
be71cdbe-38dc-4116-8101-1d6f913cd7f4
date added to LUP
2022-09-06 14:09:19
date last changed
2022-09-06 14:09:19
@article{be71cdbe-38dc-4116-8101-1d6f913cd7f4,
  abstract     = {{<p>The purpose of this paper is to simplify the standard framework integrating epidemiological and economic concerns. We present a model where a social planner can influence the spread-intensity of an infection wave through a single parameter. The spread-intensity affects both economic activity and population health. We study the planner's optimal trade-off between upholding economic activity and preserving population health and show analytically that the solution has a natural interpretation with intuitive comparative statics</p>}},
  author       = {{Andersson, Tommy and Erlanson, Albin and Östling, Robert and Spiro, Daniel}},
  issn         = {{1545-2921}},
  language     = {{eng}},
  number       = {{1}},
  pages        = {{224--231}},
  publisher    = {{Economics Bulletin}},
  series       = {{Economics Bulletin}},
  title        = {{A Simple Model of the Production-health Trade-off During an Epidemic}},
  volume       = {{42}},
  year         = {{2022}},
}