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When to lock, not whom: managing epidemics using time-based restrictions

Bar-On, Yinon, Baron, Tatiana, Cornfeld, Ofer and Yashiv, Eran (2023) When to lock, not whom: managing epidemics using time-based restrictions. Review of Economic Dynamics, 51. pp. 292-321. ISSN 1094-2025

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Identification Number: 10.1016/j.red.2023.01.004

Abstract

We present novel policy tools to manage epidemics. Rather than using prevalent population restrictions, these policy strategies are based on cyclical time restrictions. Key findings on the outcomes of such policy strategies include: a significant improvement of social welfare, substantially lessening the trade-offs between economic activity and health outcomes; optimally-derived timings of interventions are shown to suppress the disease, while maintaining reasonable economic activity; and outcomes are superior to the actual experience of New York State and Florida over the course of 2020.

Item Type: Article
Additional Information: © 2023 Elsevier Inc.
Divisions: Economics
Subjects: R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences
H Social Sciences > HB Economic Theory
Date Deposited: 19 Feb 2025 16:57
Last Modified: 19 Feb 2025 17:04
URI: http://eprints.lse.ac.uk/id/eprint/127381

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