CFDP Revision Date
We analyze how to optimally engage in social distancing in order to minimize the spread of an infectious disease. We identify conditions under which any optimal policy is single-peaked, i.e., ﬁrst engages in increasingly more social distancing and subsequently decreases its intensity. We show that an optimal policy might delay measures that decrease the transmission rate substantially to create herd-immunity and that engaging in social distancing sub-optimally early can increase the number of fatalities. Finally, we ﬁnd that optimal social distancing can be an eﬀective measure and can substantially reduce the death rate of a disease.
Kruse, Thomas and Strack, Philipp, "Optimal Control of an Epidemic through Social Distancing" (2020). Cowles Foundation Discussion Papers. 214.