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Can we Trust Private Firms as Suppliers of Vaccines for the Avian Influenza?

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  • Forslid, Rikard

Abstract

Using 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.

Suggested Citation

  • Forslid, Rikard, 2005. "Can we Trust Private Firms as Suppliers of Vaccines for the Avian Influenza?," CEPR Discussion Papers 4980, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:4980
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    References listed on IDEAS

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    Cited by:

    1. Lars Jonung & Werner Roeger, 2006. "The macroeconomic effects of a pandemic in Europe - A model-based assessment," European Economy - Economic Papers 2008 - 2015 251, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.

    More about this item

    Keywords

    vaccines;

    JEL classification:

    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - 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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