Designing the Financial Tools to Promote Universal Free-Access to AIDS Care

Patrick Leoni () and St�phane Luchini

No 227, IEW - Working Papers from Institute for Empirical Research in Economics - University of Zurich

Abstract: Typical of the AIDS epidemics is that governments in developing countries under-invest in drugs production because of the possible appearance of a curative vaccine. We design a set of financial tools allowing to hedge against this event and achieving full risk-sharing. We show that the introduction of those assets increase social welfare in developing countries, as well as the number of treated patients and the provision of public good.

Keywords: financial tools; AIDS; free-access (search for similar items in EconPapers)
JEL-codes: G13 I12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr and nep-fin
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Citations: View citations in EconPapers (5)

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