Chasing up and locking down the virus: Optimal pandemic interventions within a network. (29th June 2022)
- Record Type:
- Journal Article
- Title:
- Chasing up and locking down the virus: Optimal pandemic interventions within a network. (29th June 2022)
- Main Title:
- Chasing up and locking down the virus: Optimal pandemic interventions within a network
- Authors:
- Freiberger, Michael
Grass, Dieter
Kuhn, Michael
Seidl, Andrea
Wrzaczek, Stefan - Other Names:
- Amir Rabah guestEditor.
Boucekkine Raouf guestEditor. - Abstract:
- Abstract: During the COVID‐19 pandemic countries invested significant amounts of resources into its containment. In early stages of the pandemic most of the (nonpharmaceutical) interventions can be classified into two groups: (i) testing and identification of infected individuals, (ii) social distancing measures to reduce the transmission probabilities. Furthermore, both groups of measures may, in principle, be targeted at certain subgroups of a networked population. To study such a problem, we propose an extension of the SIR model with additional compartments for quarantine and different courses of the disease across several network nodes. We develop the structure of the optimal allocation and study a numerical example of three symmetric regions that are subject to an asymmetric progression of the disease (starting from an initial hotspot). Key findings include that (i) for our calibrations policies are chosen in a "flattening‐the‐curve, " avoiding hospital congestion; (ii) policies shift from containing spillovers from the hotspot initially to establishing a symmetric pattern of the disease; and (iii) testing that can be effectively targeted allows to reduce substantially the duration of the disease, hospital congestion and the total cost, both in terms of lives lost and economic costs.
- Is Part Of:
- Journal of public economic theory. Volume 24:Number 5(2022)
- Journal:
- Journal of public economic theory
- Issue:
- Volume 24:Number 5(2022)
- Issue Display:
- Volume 24, Issue 5 (2022)
- Year:
- 2022
- Volume:
- 24
- Issue:
- 5
- Issue Sort Value:
- 2022-0024-0005-0000
- Page Start:
- 1182
- Page End:
- 1217
- Publication Date:
- 2022-06-29
- Subjects:
- Economic policy -- Periodicals
Finance, Public -- Periodicals
338.9005 - Journal URLs:
- http://www.blackwellpublishing.com/journal.asp?ref=1097-3923&site=1 ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1111/jpet.12604 ↗
- Languages:
- English
- ISSNs:
- 1097-3923
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 5043.493000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 23213.xml