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来源类型Working Paper
规范类型报告
DOI10.3386/w30192
来源IDWorking Paper 30192
Expanding Capacity for Vaccines Against Covid-19 and Future Pandemics: A Review of Economic Issues
Susan Athey; Juan Camilo Castillo; Esha Chaudhuri; Michael Kremer; Alexandre Simoes Gomes; Christopher Snyder
发表日期2022-07-04
出版年2022
语种英语
摘要We review economic arguments for using public policy to accelerate vaccine supply during a pandemic. Rapidly vaccinating a large share of the global population helps avoid economic, mortality, and social losses, which in the case of Covid-19 mounted into trillions of dollars. However, pharmaceutical firms are unlikely to have private incentives to invest in vaccine capacity at the socially optimal scale and speed. The socially optimal level of public spending may cause some sticker shock but—as epitomized by the tagline “spending billions to save trillions”—is eclipsed by the benefits and can be restrained with the help of careful policy design and advance preparations. Capacity is so valuable during a pandemic that fractional dosing and other measures to stretch available capacity should be explored.
主题Microeconomics ; Market Structure and Distribution ; Public Economics ; Public Goods ; Health, Education, and Welfare ; Health ; Development and Growth ; Innovation and R& ; D ; COVID-19
URLhttps://www.nber.org/papers/w30192
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587865
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Susan Athey,Juan Camilo Castillo,Esha Chaudhuri,et al. Expanding Capacity for Vaccines Against Covid-19 and Future Pandemics: A Review of Economic Issues. 2022.
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