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We review economic arguments for using public policy to accelerate vaccine supply during a pandemic. Rapidly vaccinating a large share of the global population helps avoid economic, mortality, and social losses, which in the case of Covid-19 mounted into trillions of dollars. However,...
Persistent link: https://www.econbiz.de/10013334410
dramatically accelerate vaccination. Available evidence on efficacy is not dispositive but suggests half- or even quarter-doses of …
Persistent link: https://www.econbiz.de/10012616628
against an emerging epidemic. While the nonmonotonic pattern of the optimal subsidy persists, new findings emerge. Universal … vaccination with a perfectly effective vaccine becomes a viable firm strategy: the marginal consumer is still willing to pay since … those infected before vaccine rollout remain a source of transmission. We derive a simple condition under which vaccination …
Persistent link: https://www.econbiz.de/10012482304
disease, learned after a disease is contracted, can lead revenue from a treatment to exceed revenue from a preventative …
Persistent link: https://www.econbiz.de/10012459799
positive externalities, such as sanitation, statically optimal subsidies will typically grow. However, in a dynamic game … subsidies. In the extreme, the benefits of foreign subsidies for durables that create positive externalities may be more than … fully offset by such delays in private investment. For durables with negative externalities, such as guns, delays between …
Persistent link: https://www.econbiz.de/10012456757
Persistent link: https://www.econbiz.de/10001484280
Several programs have been proposed to improve incentives for research on vaccines for malaria, tuberculosis, and HIV, and to help increase accessibility of vaccines once they are developed. For these programs to spur research, potential vaccine developers must believe that the sponsor will not...
Persistent link: https://www.econbiz.de/10012471044
Malaria, tuberculosis, and the strains of HIV common in Africa kill approximately 5 million people each year. Yet research on vaccines for these diseases remains minimal largely because potential vaccine developers fear that they would not be able to sell enough vaccine at a sufficient price to...
Persistent link: https://www.econbiz.de/10012471045
vaccination and reduce mortality, and that the costs of testing these regimens are dwarfed by their potential benefits. We first … use an SEIR model to estimate that under these efficacy levels, doubling or quadrupling the rate of vaccination by using … vaccination campaigns based on existing immune response data, as some did for delayed second doses. If efficacy turned out to be …
Persistent link: https://www.econbiz.de/10012599308
Vaccinating the world's population quickly in a pandemic has enormous health and economic benefits. We analyze the problem faced by governments in determining the scale and structure of procurement for vaccines. We analyze alternative approaches to procurement. We find that if the goal is to...
Persistent link: https://www.econbiz.de/10012482707