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Certified Coronavirus Immunity as a Resource and Strategy to Cope with Pandemic Costs

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  • Reiner Eichenberger
  • Rainer Hegselmann
  • David A. Savage
  • David Stadelmann
  • Benno Torgler

Abstract

A pandemic is not only a biological event and a public health disaster, but it also generates impacts that are worth understanding from economic, societal, historical, and cultural perspectives. In this contribution, we argue that as the disease spreads, we are able to harness a valuable key resource: people who have immunity to coronavirus. This vital resource must be effectively employed, it must be certified, it must be searched for, it must be found, and it may even be actively produced. We discuss why this needs to be done and how this can be achieved. Our arguments not only apply to the current pandemic but also to any future rapidly spreading, infectious disease epidemics. In addition, we argue for high awareness of a major secondary, nonbiological crisis arising from the side effects of societal and economic pandemic reactions to actual or imagined health risks. There is a risk that the impacts of the secondary crisis could outweigh that of the biological event.

Suggested Citation

  • Reiner Eichenberger & Rainer Hegselmann & David A. Savage & David Stadelmann & Benno Torgler, 2020. "Certified Coronavirus Immunity as a Resource and Strategy to Cope with Pandemic Costs," Kyklos, Wiley Blackwell, vol. 73(3), pages 464-474, August.
    • Handle: RePEc:bla:kyklos:v:73:y:2020:i:3:p:464-474
    DOI: 10.1111/kykl.12227
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    References listed on IDEAS

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    2. Dorte Gyrd‐Hansen & Peder Andreas Halvorsen & Ivar Sønbø Kristiansen, 2008. "Willingness‐to‐pay for a statistical life in the times of a pandemic," Health Economics, John Wiley & Sons, Ltd., vol. 17(1), pages 55-66, January.
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    Cited by:

    1. Fazio, Andrea & Reggiani, Tommaso & Sabatini, Fabio, 2022. "The political cost of sanctions: Evidence from COVID-19," Health Policy, Elsevier, vol. 126(9), pages 872-878.
    2. Raymond Frempong & David Stadelmann & Frederik Wild, 2020. "Coronavirus-Lockdowns, Secondary Effects and Sustainable Exit-Strategies for Sub-Saharan Africa," Economics Bulletin, AccessEcon, vol. 40(3), pages 2586-2593.
    3. Ravi K. Roy & Arthur T. Denzau, 2020. "Shared Mental Models: Insights and Perspectives on Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 73(3), pages 323-340, August.
    4. Giray Gozgor, 2022. "Global Evidence on the Determinants of Public Trust in Governments during the COVID-19," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(2), pages 559-578, April.
    5. Goel, Rajeev K. & Saunoris, James W. & Goel, Srishti S., 2021. "Supply chain performance and economic growth: The impact of COVID-19 disruptions," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 298-316.
    6. M. Amelia Gibbons & Tommy E. Murphy & Martín A. Rossi, 2021. "Confinement and intimate partner violence," Kyklos, Wiley Blackwell, vol. 74(3), pages 349-361, August.
    7. Bickley, Steve J. & Brumpton, Martin & Chan, Ho Fai & Colthurst, Richard & Torgler, Benno, 2021. "The stabilizing effect of social distancing: Cross-country differences in financial market response to COVID-19 pandemic policies," Research in International Business and Finance, Elsevier, vol. 58(C).
    8. Todd Sandler, 2023. "COVID-19 Activities: Publicness and Strategic Concerns," Games, MDPI, vol. 14(1), pages 1-19, January.
    9. Frank Daumann & Florian Follert & Werner Gleißner & Endre Kamarás & Chantal Naumann, 2021. "Political Decision Making in the COVID-19 Pandemic: The Case of Germany from the Perspective of Risk Management," IJERPH, MDPI, vol. 19(1), pages 1-23, December.
    10. Naoko Okuyama & Mototsugu Fukushige, 2021. "Limited Prosocial Response: Post‐Disaster Charitable Behavior of Public Sector Workers," Kyklos, Wiley Blackwell, vol. 74(1), pages 77-102, February.
    11. Xiaofei Ye & Yi Zhu & Tao Wang & Xingchen Yan & Jun Chen & Pengjun Zheng, 2023. "Assessing the Impact of Travel Restrictions on the Spread of the 2020 Coronavirus Epidemic: An Advanced Epidemic Model Based on Human Mobility," Sustainability, MDPI, vol. 15(16), pages 1-12, August.
    12. Monika Bütler, 2022. "Economics and economists during the COVID-19 pandemic: a personal view," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 158(1), pages 1-15, December.

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