Optimal lockdown and vaccination policies to contain the spread of a mutating infectious disease

Fabien Prieur, Ruan Weihua () and Benteng Zou
Additional contact information
Ruan Weihua: Purdue University Northwest

DEM Discussion Paper Series from Department of Economics at the University of Luxembourg

Abstract: We develop a piecewise deterministic control model to study optimal lockdown and vaccination policies to manage a pandemic. Lockdown is modeled as an impulse control that allows the system to switch from one restriction regime of restrictions to another. Vaccination policy is a continuous control. Decisions are taken under the risk of mutations of the disease, with repercussions on the transmission rate. The decision maker follows a cost minimization objective. We first characterize the optimality conditions for impulse control and show how the prospect of a mutation affects the decision maker's choice by inducing her to anticipate the relative benefit of a regime change after a mutation has occurred. Under some parametric conditions, our problem admits infinitely many value functions. We show the existence of a minimum value function that is a natural candidate to the solution given the nature of the problem. Focusing on this specific value function, we finally study the features of the optimal policy, especially the timing of impulse control. We prove that uncertainty surrounding future \bad" vs. \good" mutation of the disease expedites vs. delays the adoption of lockdown measures.

Keywords: pandemic; lockdown; vaccination. (search for similar items in EconPapers)
JEL-codes: C61 D81 I18 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-dem
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10993/51242 (application/pdf)

Related works:
Journal Article: Optimal lockdown and vaccination policies to contain the spread of a mutating infectious disease (2024)
Working Paper: Optimal lockdown and vaccination policies to contain the spread of a mutating infectious disease (2024)
Working Paper: Optimal lockdown and vaccination policies to contain the spread of a mutating infectious disease (2022)
Working Paper: Optimal lockdown and vaccination policies to contain the spread of a mutating infectious disease (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:22-07

Access Statistics for this paper

More papers in DEM Discussion Paper Series from Department of Economics at the University of Luxembourg Contact information at EDIRC.
Bibliographic data for series maintained by Marina Legrand ().