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External economies of scale, government purchasing commitment and welfare improvements in the vaccines industry

Pedro Garcia-del-Barrio

European Journal of Government and Economics, 2012, vol. 1, issue 2, 163-179

Abstract: Some industries exhibit external economies of scale. In these cases,the introduction of self-financing tax subsidy programmes canimprove social welfare. This paper advocates intervention incompetitive markets if economies of scale existand implementing the policy is inexpensive.

Keywords: external economies of scale; social welfare; tax-subsidy; income transfer; government intervention (search for similar items in EconPapers)
JEL-codes: D31 D64 H2 L13 (search for similar items in EconPapers)
Date: 2012-12
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Citations: View citations in EconPapers (1)

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