Preparing for a Pandemic: Accelerating Vaccine Availability

Amrita Ahuja (), Susan Athey, Arthur Baker (), Eric Budish (), Juan Castillo, Rachel Glennerster (), Scott Kominers, Michael Kremer, Jean Lee (), Candice Prendergast (), Christopher Snyder, Alex Tabborok (), Brandon Tan and Witold Wiecek ()
Additional contact information
Amrita Ahuja: Douglas B. Marshall, Jr. Family Foundation
Arthur Baker: University of Chicago - Department of Economics
Eric Budish: University of Chicago - Booth School of Business
Rachel Glennerster: Foreign, Commonwealth and Development Office
Jean Lee: World Bank
Candice Prendergast: University of Chicago - Booth School of Business
Alex Tabborok: George Mason University - Department of Economics
Witold Wiecek: WAW Statistical Consulting
Authors registered in the RePEc Author Service: Alexander Tabarrok

No 2021-08, Working Papers from Becker Friedman Institute for Research In Economics

Abstract: Vaccinating the world’s population quickly in a pandemic has enormous health and economic benefits. We analyze the problem faced by governments in determining the scale and structure of procurement for vaccines. We analyze alternative approaches to procurement, arguing that buyers should directly fund manufacturing capacity and shoulder most of the risk of failure, while maintaining some direct incentives for speed. We analyzed the optimal portfolio of vaccine investments for countries with different characteristics as well as the implications for international cooperation. Our analysis, considered in light of the experience of 2020, suggests lessons for future pandemics.

Pages: 7 pages
Date: 2021
New Economics Papers: this item is included in nep-hea
References: View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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https://repec.bfi.uchicago.edu/RePEc/pdfs/BFI_WP_2021-08.pdf (application/pdf)

Related works:
Journal Article: Preparing for a Pandemic: Accelerating Vaccine Availability (2021)
Working Paper: Preparing for a Pandemic: Accelerating Vaccine Availability (2021)
Working Paper: Preparing for a Pandemic: Accelerating Vaccine Availability (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:bfi:wpaper:2021-08

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