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Why is There No AIDS Vaccine?

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  • Pedro Rey Biel

Abstract

This paper provides an economic explanation for the non-existence of a vaccine against AIDS. It comments on previously claimed economic reasons why private laboratories do not have incentives to invest in an AIDS vaccine and provides a new one: private companies already operate in the market for treatment of already infected patients, which market is threatened by the eventual emergence of a vaccine that cuts the cycle of infection. Finally, the paper discusses some mechanisms to provide incentives for further private research in diseases where a treatment product already exists.

Suggested Citation

  • Pedro Rey Biel, 2001. "Why is There No AIDS Vaccine?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 2(4), pages 117-132, October.
  • Handle: RePEc:wej:wldecn:84
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    File URL: http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=84
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    Cited by:

    1. Graham Bird & Dane Rowlands, 2005. "Bi-Polar Disorder: Exchange Rate Regimes, Economic Crises and the IMF," School of Economics Discussion Papers 0705, School of Economics, University of Surrey.

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