External economies of scale, government purchasing commitment and welfare improvements in the vaccines industry
Some 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.
Volume (Year): 1 (2012)
Issue (Month): 2 (December)
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- 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 223-227, May.
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- Frank D. Graham, 1923. "Some Aspects of Protection Further Considered," The Quarterly Journal of Economics, Oxford University Press, vol. 37(2), pages 199-227.
- Masahiko Aoki, 2013.
"Marshallian External Economies And Optimal Tax-Subsidy Structure,"
in: Comparative Institutional Analysis, chapter 2, pages 5-17
Edward Elgar Publishing.
- Aoki, Masahiko, 1971. "Marshallian External Economies and Optimal Tax-Subsidy Structure," Econometrica, Econometric Society, vol. 39(1), pages 35-53, January.
- Panagariya, Arvind, 1981. "Variable Returns to Scale in Production and Patterns of Specialization," American Economic Review, American Economic Association, vol. 71(1), pages 221-230, March.
- Osana, Hiroaki, 1977. "Optimal Tax-Subsidy System for an Economy with Marshallian Externalities," Econometrica, Econometric Society, vol. 45(2), pages 329-340, March.
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