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 …

testing strategy aiming at reconstructing the infection chain of newly symptomatic agents. A coordination failure arises as … pandemic's toll on the economy and mortality. A timely, limited lockdown solves the coordination failure allowing policymakers … to buy time to expand the testing scale and to preserve the tracing system. We provide theoretical underpinnings to the …

characterize equilibrium, optimal outcomes, static and dynamic externalities, and prove the following: (i) A lockdown generically … arrives deterministically, optimal policy is discontinous, 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. …

relationship between age and willingness-to-pay (WTP) for additional options in Swiss social health insurance. Through discrete …