This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the … postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social …-maximal lockdown saving lives at the cost of reducing average utility at a given period, there exists always a stricter lockdown, which …

measure to 35 percent with a strong containment measure; second, recovery from recession emerges when the lockdown policy is … relaxed. On that basis, the output would return to its pre-lockdown level by the end of 2021; third, a return infection is …

Countries worldwide have implemented lockdown measures to contain the covid-19 pandemic. After more than three months … message is that there is no "health vs. economics" dichotomy. Rather, some degree of lockdown is typically optimal in crisis … like this, balancing its economic costs against its health benefits. Moreover, the optimal lockdown is dynamic, changes …

lockdown while containing the spread of the virus. Such policies may, however, need to be complemented by selective containment …

We study the impact of the Belgium lockdown on retail prices using a unique dataset tracking daily prices and … promotions during the first two weeks of the lockdown, and the presence of local pricing retail chains (LP) competing with …, retailers, products, and over time. We show that LP chains reacted the most to the lockdown with spatial heterogeneity. The …

We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity … discovery, learning effects in the health care sector, and the severity of output losses due to a lockdown. In our baseline …

characterize equilibrium, optimal outcomes, static and dynamic externalities, and prove the following: (i) A lockdown generically … arrives deterministically, optimal policy is dis-continuous, featuring a light/strict lockdown when the arrival date exceeds … gains from optimal policy unless the government lacks instruments to stimulate activity after a lockdown. …