Abstract
AbstractThe paper evaluates total inclusive costs of three public health approaches to address the COVID-19 epidemic in the US based on epidemiological projections in Ferguson et al (2020). We calculate and add costs of lost productivity and costs of mortality measured through the value of statistical life. We find that the aggressive approach which involves strict suppression measures and a drastic reduction of economic activity for three months with extensive testing and case tracking afterwards results in the lowest total costs for the society. The approach of doing no non-pharmaceutical measures results in the lowest total costs if the infection fatality rate falls below 0.15%.
Publisher
Cold Spring Harbor Laboratory
Reference16 articles.
1. Revealed versus Stated Preferences: What Have We Learned About Valuation and Behavior?;Review of Environmental Economics and Policy,2019
2. The time course of the immune response to experimental coronavirus infection of man
3. Mortality from pandemic A/H1N1 2009 influenza in England: public health surveillance study
4. The Economic Burden of Non–Influenza-Related Viral Respiratory Tract Infection in the United States
5. Ferguson, N. M. , Laydon, D. , Nedjati-Gilani, G. , Imai, N. , Ainslie, K. , Baguelin, M. , … and Dighe, A. (2020). Impact of non-pharmaceutical interventions (NPIs) to reduce COVID-19 mortality and healthcare demand. London: Imperial College COVID-19 Response Team, March, 16.
Cited by
8 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献