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 …

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. …

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

about the health risk of COVID-19 and the economic costs of lockdown measures affects their attitudes towards these policies … for lockdown measures, while information about their economic costs decreases support. However, different population … subgroups react very differently. Men and younger respondents react more sensitively to information about lockdown costs, while …