Design the Financial Tool to Promote Universal Free Access to AIDS Care

Typical of the AIDS epidemics is that governments in developing countries under-invest in drugs production because of the possible appearance of a curative vaccine. We design a financial tool allowing to hedge against this event. We show that the introduction of this asset increases social welfare, as well as the number of patients treated and the provision of public good.

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Authors:	Leoni, Patrick ; Luchini, Stéphane
Institutions:	Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutät
Subject:	option design \| AIDS \| social choices

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Extent:	application/pdf
Series:	IEW - Working Papers. - ISSN 1424-0459.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IEW-working papers Number 214
Classification:	G13 - Contingent Pricing; Futures Pricing ; I12 - Health Production: Nutrition, Mortality, Morbidity, Substance Abuse and Addiction, Disability, and Economic Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005627813