Designing the Financial Tools to Promote Universal Free-Access to AIDS Care
AbstractTypical 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 set of financial tools allowing to hedge against this event and achieving full risk-sharing. We show that the introduction of those assets increase social welfare in developing countries, as well as the number of treated patients and the provision of public good.
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Bibliographic InfoPaper provided by Institute for Empirical Research in Economics - University of Zurich in its series IEW - Working Papers with number 227.
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financial tools; AIDS; free-access;
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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