Tommy Andersson
Professor
A Simple Model of the Production-health Trade-off During an Epidemic
Author
Summary, in English
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
Department/s
- Department of Economics
Publishing year
2022
Language
English
Pages
224-231
Publication/Series
Economics Bulletin
Volume
42
Issue
1
Document type
Journal article
Publisher
Economics Bulletin
Topic
- Economics
Status
Published
ISBN/ISSN/Other
- ISSN: 1545-2921