An axiomatic approach towards pandemic performance indicators

Ricardo Martinez () and Juan D Moreno Ternero
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Juan D Moreno Ternero: Department of Economics, Universidad Pablo de Olavide.
Authors registered in the RePEc Author Service: Juan D. Moreno-Ternero

No 22/12, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.

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 realvalued 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 COVID19 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)
Pages: 31 pages
Date: 2022-08-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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http://www.ugr.es/~teoriahe/RePEc/gra/wpaper/thepapers22_12.pdf (application/pdf)

Related works:
Journal Article: 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:gra:wpaper:22/12

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