GAUDET, Gérard; HERRMANN, Markus - Centre Interuniversitaire de Recherche en Économie … - 2007
We analyze the exploitation of an antibiotic in a market subject to open access on the part of antibiotic producers to the common pool of antibiotic efficacy and compare it to the social optimum. Demand for the antibiotic is derived under the assumption that individuals differ with respect to...