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How to Manage the Post Pandemic Opening? A Pontryagin Maximum Principle Approach

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  • R. Mansilla

Abstract

The COVID-19 pandemic has wholly disrupted the operation of our societies. Its elusive transmission process, characterized by an unusually long incubation period and a high contagion capacity, has forced many countries to take quarantine and social isolation measures that conspire against national economies' performance. This situation confronts decision-makers in different countries with the alternative of reopening the economies, thus facing the unpredictable cost of a rebound of the infection. This work tries to offer an initial theoretical framework to handle this alternative.

Suggested Citation

  • R. Mansilla, 2020. "How to Manage the Post Pandemic Opening? A Pontryagin Maximum Principle Approach," Applied Economics and Finance, Redfame publishing, vol. 7(4), pages 121-125, July.
    • Handle: RePEc:rfa:aefjnl:v:7:y:2020:i:4:p:121-125
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    References listed on IDEAS

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    1. Dieter Grass & Jonathan P. Caulkins & Gustav Feichtinger & Gernot Tragler & Doris A. Behrens, 2008. "Optimal Control of Nonlinear Processes," Springer Books, Springer, number 978-3-540-77647-5, October.
    2. Franklin M. Fisher & Robert M. Solow & James M. Kearl, 1977. "Aggregate Production Functions: Some CES Experiments," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(2), pages 305-320.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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