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Portrait of Tommy Andersson. Photo.

Tommy Andersson

Professor

Portrait of Tommy Andersson. Photo.

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

Author

  • Tommy Andersson
  • Albin Erlanson
  • Robert Östling
  • Daniel Spiro

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