External economies of scale, government purchasing commitment and welfare improvements in the vaccines industry
AbstractSome industries exhibit external economies of scale. In these cases,the introduction of self-financing tax subsidy programmes canimprove social welfare. This paper advocates intervention incompetitive markets if economies of scale existand implementing the policy is inexpensive.
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Bibliographic InfoArticle provided by Europa Grande in its journal European Journal of Government and Economics.
Volume (Year): 1 (2012)
Issue (Month): 2 (December)
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external economies of scale; social welfare; tax-subsidy; income transfer; government intervention;
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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- Aoki, Masahiko, 1971. "Marshallian External Economies and Optimal Tax-Subsidy Structure," Econometrica, Econometric Society, vol. 39(1), pages 35-53, January.
- Jacques Thépot, 2003. "Pareto-Improving Redistribution in a Monopoly," The Japanese Economic Review, Japanese Economic Association, vol. 54(2), pages 165-178.
- Chipman, John S, 1970. "External Economies of Scale and Competitive Equilibrium," The Quarterly Journal of Economics, MIT Press, vol. 84(3), pages 347-85, August.
- Ethier, Wilfred J, 1982. "Decreasing Costs in International Trade and Frank Graham's Argument for Protection," Econometrica, Econometric Society, vol. 50(5), pages 1243-68, September.
- Osana, Hiroaki, 1977. "Optimal Tax-Subsidy System for an Economy with Marshallian Externalities," Econometrica, Econometric Society, vol. 45(2), pages 329-40, March.
- Chandra, Vandana & Franck, David & Naqvi, Nadeem, 2002. "World Increasing Returns and Production Subsidies," Economica, London School of Economics and Political Science, vol. 69(274), pages 223-27, May.
- Panagariya, Arvind, 1981. "Variable Returns to Scale in Production and Patterns of Specialization," American Economic Review, American Economic Association, vol. 71(1), pages 221-30, March.
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