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Optimal Lockdown Strategy in a Pandemic: An Exploratory Analysis for Covid-19

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  • Gopal K. Basak
  • Chandramauli Chakraborty
  • Pranab Kumar Das

Abstract

The paper addresses the question of lives versus livelihood in an SIRD model augmented with a macroeconomic structure. The constraints on the availability of health facilities - both infrastructure and health workers determine the probability of receiving treatment which is found to be higher for the patients with severe infection than the patients with mild infection for the specific parametric configuration of the paper. Distinguishing between two types of direct intervention policy - hard lockdown and soft lockdown, the study derives alternative policy options available to the government. The study further indicates that the soft lockdown policy is optimal from a public policy perspective under the specific parametric configuration considered in this paper.

Suggested Citation

  • Gopal K. Basak & Chandramauli Chakraborty & Pranab Kumar Das, 2021. "Optimal Lockdown Strategy in a Pandemic: An Exploratory Analysis for Covid-19," Papers 2109.02512, arXiv.org.
    • Handle: RePEc:arx:papers:2109.02512
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    References listed on IDEAS

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    2. David Berger & Kyle Herkenhoff & Chengdai Huang & Simon Mongey, 2022. "Testing and Reopening in an SEIR Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 1-21, January.
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    1. Gopal K. Basak & Chandramauli Chakraborty & Pranab Kumar Das, 2024. "In search of an optimal public policy in a pandemic: The question of lives versus livelihood," Journal of Economic Analysis, Anser Press, vol. 3(4), pages 23-48, December.

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