The global strategy to cope with H5N1: the property rights caveat

Marcello Basili

Department of Economic Policy, Finance and Development (DEPFID) University of Siena from Department of Economic Policy, Finance and Development (DEPFID), University of Siena

Abstract: Shortage of stockpiled antiviral drugs and insufficient production capacity of vaccines make the possible avian flu pandemic a global disaster. Catastrophic consequences in social and economic losses loom over the near future of humans but they derive from a wrong business model based on private production granted by patent rights and price discrimination. In this paper a new sustainable economic model for vaccines and antiviral drugs production based on liability rule and trust fund is advanced.

Keywords: avian flu; ambiguity; incomplete rights; market failure. (search for similar items in EconPapers)
JEL-codes: D81 I18 (search for similar items in EconPapers)
Date: 2008-07
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Persistent link: https://EconPapers.repec.org/RePEc:usi:depfid:0908

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