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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/101937 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/101937 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/101937 archive 353 disk0/00/01/87/55 2023-04-28 08:07:29 2025-03-12 05:01:04 2023-04-28 08:07:29 article show Caulkins J.P. Grass D. 2248 Feichtinger G. 1555 Hartl R.F. Kort P.M. Kuhn M. 2235 Fürnkranz-Prskawetz A. 2025 Sanchez-Romero M. 9468 0000-0002-5999-6522 Seidl A. Wrzaczek S. 9380 pub ASA EM EF OR in governmentCOVID-19; vaccinations; dynamic optimization; SIR models on the values of other model parameters. That vaccines and lockdowns can act as either substitutes or complements even in a relatively simple model casts doubt on whether in more complicated models or the real world one should expect them to always be just one or the other. Within our model, for parameter values reflecting conditions in developed countries, the typical finding is to ease lockdown intensity gradually after substantial shares of the population have been vaccinated, but other strategies can be optimal for other parameter values. Reserving vaccines for those who have not yet been infected barely outperforms simpler strategies that ignore prior infection status. For certain parameter combinations, there are instances in which two quite different policies can perform equally well, and sometimes very small increases in vaccine capacity can tip the optimal solution to one that involves much longer and more intense lockdowns. 2023-11-01 published Elsevier doi:10.1016/j.ejor.2023.04.033 3151 2589 3124 100 3415 3362 public European Journal of Operational Research 311 1 233-250 TRUE 0377-2217 Economics of Disruptive Change (EDC) info:eu-repo/semantics/article