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 (), Canice Prendergast, Christopher Snyder, Alexander Tabarrok, Brandon Tan and Witold Więcek

No 28492, NBER Working Papers from National Bureau of Economic Research, Inc

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. We find that if the goal is to accelerate the vaccine delivery timetable, 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.

JEL-codes: D02 H12 I11 I18 O19 O31 (search for similar items in EconPapers)
Date: 2021-02
New Economics Papers: this item is included in nep-hea
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Citations: View citations in EconPapers (9)

Published as Amrita Ahuja & Susan Athey & Arthur Baker & Eric Budish & Juan Camilo Castillo & Rachel Glennerster & Scott Duke Kominers & Michael Kremer & Jean Lee & Canice Prendergast & Christopher M. Snyder & Ale, 2021. "Preparing for a Pandemic: Accelerating Vaccine Availability," AEA Papers and Proceedings, American Economic Association, vol. 111, pages 331-335, May.

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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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