How to manage the post pandemic opening? A Pontryagin Maximum Principle approach

Autor: Mansilla, R.
Rok vydání: 2020
Předmět:
Zdroj: Applied Economics and Finance, vol. 7(4), pp. 121-125, 2020
Druh dokumentu: Working Paper
DOI: 10.11114/aef.v7i4.4912
Popis: The COVID-19 pandemic has completely disrupted the operation of our societies. Its elusive transmission process, characterized by an unusually long incubation period, as well as a high contagion capacity, has forced many countries to take quarantine and social isolation measures that conspire against the performance of national economies. 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.
Comment: 10 pages
Databáze: arXiv