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

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Author Info
Patrick Leoni
Stéphane Luchini
Abstract

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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File URL: http://www.iew.unizh.ch/wp/iewwp214.pdf
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Paper provided by Institute for Empirical Research in Economics - IEW in its series IEW - Working Papers with number iewwp214.

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Handle: RePEc:zur:iewwpx:214

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Related research
Keywords: option design; AIDS; social choices;

Find related papers by JEL classification:
G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
I12 - Health, Education, and Welfare - - Health - - - Health Production

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This page was last updated on 2009-12-15.

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