Beyond COVID-19 lockdown: A Coasean approach with optionality

Brian Williamson published a paper in Economic Affairs in June 2020 on the economics of controls versus price signals to manage COVID-19 transmission taking account of the reciprocal nature of the externality and heterogeneity of individual costs and benefits. If COVID-19 becomes endemic long-term ongoing measures, beyond vaccination, may be required and the considerations in the paper may be even more relevant in the post crisis phase