during an epidemic? We study a setting where ICU resources are constrained while suppression is costly (e.g., limiting … suppression measures are continuously taken to hold down the spread throughout the epidemic, is suboptimal. Instead, the optimal … suppression is discountinuous. The epidemic should be left unregulated in a first phase and when the ICU constraint is approaching …

disruption that COVID-19 has caused, as well as of the measures taken to combat it. Our main conclusion is that suppression is …