What can benefit-cost analysis tell us?
- Written by John Quiggin, Professor, School of Economics, The University of Queensland
ShutterstockLockdowns work. That’s the evidence from many different countries now, including Australia. To be more precise, lockdowns reduce the effective reproductive rate of the virus to the point where it is below 1, meaning that, on average, each infected person passes on the disease to less than one other person.
As long as this is...
