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Optimal lockdowns for COVID‐19 pandemics: Analyzing the efficiency of sanitary policies in Europe

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  • Ewen Gallic

    (AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Michel Lubrano

    (AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique, School of Economics, Jiangxi University of Finance and Economics)

  • Pierre Michel

    (AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

Abstract

Two main nonpharmaceutical policy strategies have been used in Europe in response to the COVID-19 epidemic: one aimed at natural herd immunity and the other at avoiding saturation of hospital capacity by crushing the curve. The two strategies lead to different results in terms of the number of lives saved on the one hand and production loss on the other hand. Using a susceptible–infected–recovered–dead model, we investigate and compare these two strategies. As the results are sensitive to the initial reproduction number, we estimate the latter for 10 European countries for each wave from January 2020 till March 2021 using a double sigmoid statistical model and the Oxford COVID-19 Government Response Tracker data set. Our results show that Denmark, which opted for crushing the curve, managed to minimize both economic and human losses. Natural herd immunity, sought by Sweden and the Netherlands does not appear to have been a particularly effective strategy, especially for Sweden, both in economic terms and in terms of lives saved. The results are more mixed for other countries, but with no evident trade-off between deaths and production losses.

Suggested Citation

  • Ewen Gallic & Michel Lubrano & Pierre Michel, 2022. "Optimal lockdowns for COVID‐19 pandemics: Analyzing the efficiency of sanitary policies in Europe," Post-Print hal-03430705, HAL.
    • Handle: RePEc:hal:journl:hal-03430705
    DOI: 10.1111/jpet.12556
    Note: View the original document on HAL open archive server: https://amu.hal.science/hal-03430705
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    Cited by:

    1. Amir, Rabah & Liu, Zhiwei & Tian, Jingwen, 2023. "Negative network effects and public policy in vaccine markets," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 136-149.
    2. John Higgins & Tarun Sabarwal, 2021. "Control and Spread of Contagion in Networks," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202201, University of Kansas, Department of Economics, revised Jan 2022.
    3. Upravitelev, A., 2023. "Efficacious methods of restraining COVID-19 through behavioral public policy," Journal of the New Economic Association, New Economic Association, vol. 61(4), pages 203-222.
    4. Rabah Amir & Filomena Garcia & Iryna Topolyan, 2023. "First‐best health policy in vaccine markets with health and network externalities," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(6), pages 1229-1250, December.
    5. Céline Azémar & Rodolphe Desbordes & Paolo Melindi‐Ghidi & Jean‐Philippe Nicolaï, 2022. "Winners and losers of the COVID‐19 pandemic: An excess profits tax proposal," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(5), pages 1016-1038, October.
    6. Boucekkine, Raouf & Chakraborty, Shankha & Goenka, Aditya & Liu, Lin, 2024. "Economic epidemiological modelling: A progress report," Journal of Mathematical Economics, Elsevier, vol. 113(C).
    7. Cerqueti, Roy & Tramontana, Fabio & Ventura, Marco, 2022. "The complex interplay between COVID-19 and economic activity," Mathematical Social Sciences, Elsevier, vol. 119(C), pages 97-107.
    8. Rabah Amir & Raouf Boucekkine, 2023. "Epidemics, vaccines, and health policy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(6), pages 1143-1148, December.

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