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Certified Coronavirus Immunity as a Resource and Strategy to Cope with Pandemic Costs

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  • Reiner Eichenberger
  • Rainer Hegselmann
  • David A. Savage
  • David Stadelmann
  • Benno Torgler

Abstract

A pandemic is not only a biological event and a public health disaster, but it also generates impacts that are worth understanding from economic, societal, historical, and cultural perspectives. In this contribution, we argue that as the disease spreads, we are able to harness a valuable key resource: people who have immunity to coronavirus. This vital resource must be effectively employed, it must be certified, it must be searched for, it must be found, and it may even be actively produced. We discuss why this needs to be done and how this can be achieved. Our arguments not only apply to the current pandemic but also to any future rapidly spreading, infectious disease epidemics. In addition, we argue for high awareness of a major secondary, nonbiological crisis arising from the side effects of societal and economic pandemic reactions to actual or imagined health risks. There is a risk that the impacts of the secondary crisis could outweigh that of the biological event.

Suggested Citation

  • Reiner Eichenberger & Rainer Hegselmann & David A. Savage & David Stadelmann & Benno Torgler, 2020. "Certified Coronavirus Immunity as a Resource and Strategy to Cope with Pandemic Costs," Kyklos, Wiley Blackwell, vol. 73(3), pages 464-474, August.
    • Handle: RePEc:bla:kyklos:v:73:y:2020:i:3:p:464-474
    DOI: 10.1111/kykl.12227
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    References listed on IDEAS

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    5. Ravi K. Roy & Arthur T. Denzau, 2020. "Shared Mental Models: Insights and Perspectives on Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 73(3), pages 323-340, August.
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    11. Giray Gozgor, 2022. "Global Evidence on the Determinants of Public Trust in Governments during the COVID-19," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(2), pages 559-578, April.
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    14. Monika Bütler, 2022. "Economics and economists during the COVID-19 pandemic: a personal view," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 158(1), pages 1-15, December.
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    16. Bhushan Praveen Jangam & Hari Venkatesh & Aviral Kumar Tiwari, 2024. "Global value chains and economic growth: A study of resilience during the COVID‐19 pandemic," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(4), pages 2096-2128, May.

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