Analysis of optimal lockdown in integral economic–epidemic model

B-Tier
Journal: Economic Theory
Year: 2024
Volume: 77
Issue: 1
Pages: 235-259

Authors (2)

Natali Hritonenko (not in RePEc) Yuri Yatsenko (Houston Baptist University)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract We analyze the optimal lockdown in an economic–epidemic model with realistic infectiveness distribution. The model is described by Volterra integral equations and accurately depicts the COVID-19 infectivity pattern from clinical data. A maximum principle is derived, and a qualitative dynamic analysis of the optimal lockdown problem is provided over finite and infinite horizons. We analytically prove and economically justify the possibility of an endemic scenario when the infection rate begins to climb after the lockdown ends.

Technical Details

RePEc Handle
repec:spr:joecth:v:77:y:2024:i:1:d:10.1007_s00199-022-01469-7
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29