IDEAS home Printed from https://ideas.repec.org/p/usi/wpaper/838.html
   My bibliography  Save this paper

The Covid-19/SARS-CoV-2 pandemic outbreak, the risk of institutional failures and a coherent health policy

Author

Listed:
  • Marcello Basili
  • Antonio Nicita

Abstract

The new coronavirus CoVid-19 (SARS-Cov-2) pandemic outbreak all around theWorld puts in evidence how institutional failures may end up in a catastrophic event. The precautionary principle (PP) has been proposed as the proper guide for the decision-making criteria to be adopted in the face of the new catastrophic risks that have arisen in the decades of this century. Unfortunately the political institutions at the national and supranational level, such as the European Union Commission, seem having neglected it opening the scenario of a lethal global pandemic that could cause millions of deaths. According to scientists and health authorities human beings are facing the high probable nightmare of a very aggressive and mortal pandemic, worst than the Spanish flu (1918-1919) the most famous recombined avian flu killed millions, without targeted therapeutics for treatment and vaccines. The paper sets a robust and precautionary formal decision rule that could be considered a guide for policymakers and illustrates its use in the case of likely second wave of SARS-COV-2 in Europe.

Suggested Citation

  • Marcello Basili & Antonio Nicita, 2020. "The Covid-19/SARS-CoV-2 pandemic outbreak, the risk of institutional failures and a coherent health policy," Department of Economics University of Siena 838, Department of Economics, University of Siena.
  • Handle: RePEc:usi:wpaper:838
    as

    Download full text from publisher

    File URL: http://repec.deps.unisi.it/quaderni/838.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:usi:wpaper:838. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fabrizio Becatti (email available below). General contact details of provider: https://edirc.repec.org/data/desieit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.