An axiomatic approach towards pandemic performance indicators

Ricardo Martinez () and Juan Moreno-Ternero

Economic Modelling, 2022, vol. 116, issue C

Abstract: During a pandemic, each country (or region) is characterized by a status matrix indicating its positive cases, hospitalizations and deaths. A pandemic performance indicator is a real-valued mapping from the set of status matrices to the set of non-negative real numbers, whereby lower values stand for better performance. We show that four axioms together characterize a family of indicators arising from a weighted average of the incidence rate, morbidity rate and mortality rate. We use these indicators to evaluate the impact of COVID-19 in major countries worldwide.

Keywords: Pandemic; Incidence; Hospitalizations; Deaths; Axioms (search for similar items in EconPapers)
JEL-codes: D63 I10 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (6)

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Working Paper: An axiomatic approach towards pandemic performance indicators (2022)
Working Paper: An axiomatic approach towards pandemic performance indicators (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:116:y:2022:i:c:s0264999322002292

DOI: 10.1016/j.econmod.2022.105983

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