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This content will become publicly available on April 1, 2026

Title: Optimal lockdowns under constraints
Abstract We present a systematic examination of the impact of frictions on optimal pandemic response, bridging the significant gap between policy recommendations and implementation. We focus in particular on constraints in testing delivery and in lockdown efficacy in the context of a canonical pandemic model. The latter is modified for a more faithful representation of lockdowns. The paper sheds light on nuanced, and sometimes counter‐intuitive, relationships. It rationalizes key but divergent findings in the literature on the extent of substitution and complementarity between lockdowns and testing. It also demonstrates remarkable robustness in lockdown policy to changes in its efficiency.  more » « less
Award ID(s):
1937229
PAR ID:
10583604
Author(s) / Creator(s):
;
Publisher / Repository:
Wiley
Date Published:
Journal Name:
Economic Inquiry
Volume:
63
Issue:
2
ISSN:
0095-2583
Page Range / eLocation ID:
523 to 544
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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