van Wijnbergen, S. (2022). Lockdowns as Options Economics Letters, 214.

Affiliated author

Sweder van Wijnbergen
Publication year

2022

Journal

Economics Letters

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The irreversibility of dying coupled with gradual information acquisition over time on the likely arrival and eventual effectiveness of vaccines confers a real option value to lockdown strategies that delay the incidence of pandemics given a stochastic vaccine arrival/effectiveness process.