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https://doi.org/10.3386/w26945

has been cited by the following article:

• TITLE: How Could We Prevent Spread of the Coronavirus without Deteriorating Economy?

  AUTHORS: Yasunori Fujita

  KEYWORDS: Coronavirus, Dynamic Optimization, Hamiltonian, Euler Equation, Contact Rate

  JOURNAL NAME: Modern Economy, Vol.11 No.7, July 15, 2020

  ABSTRACT: In the present paper, we attempt to find a way of preventing the spread of the new coronavirus without deteriorating the economy, by constructing an intertemporal model based on the dynamic optimization theory. More precisely, following the procedures used in dynamic optimization, we derive the optimal intertemporal path of the contact rate among the workers in an economy where the new coronavirus is spreading widely. It is revealed that under the optimal regulation, the workers should contact with other workers less and less at first, and then contact with other workers more and more until the contact rate reaches certain point.