A Simple Model of the Production-health Trade-off During an Epidemic
(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:
https://lup.lub.lu.se/record/be71cdbe-38dc-4116-8101-1d6f913cd7f4
- author
- Andersson, Tommy LU ; Erlanson, Albin ; Östling, Robert and Spiro, Daniel
- organization
- publishing date
- 2022
- 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}}, }