Can we Trust Private Firms as Suppliers of Vaccines for the Avian Influenza?
AbstractUsing a simple monopoly model, this note analyses the incentives of a vaccine producer. Because a vaccine tends to eradicate the disease for which it is intended, it also tends to destroy its own market. This means that monopolistic producers may be tempted, in a socially non-optimal way, to delay the introduction of vaccines against new infections until the disease has spread.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 4980.
Date of creation: Mar 2005
Date of revision:
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Other versions of this item:
- Forslid, Rikard, 2005. "Can We Trust Private Firms as Suppliers of Vaccine for the Avian Influenza?," Research Papers in Economics 2005:2, Stockholm University, Department of Economics, revised 06 Feb 2006.
- D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- H10 - Public Economics - - Structure and Scope of Government - - - General
- I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
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- Lars Jonung & Werner Roeger, 2006. "The macroeconomic effects of a pandemic in Europe - A model-based assessment," European Economy - Economic Papers 251, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
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