Preparing for a Pandemic: Accelerating Vaccine Availability

Amrita Ahuja, Susan Athey, Arthur Baker, Eric Budish, Juan Camilo Castillo, Rachel Glennerster, Scott Kominers, Michael Kremer, Jean Lee, Canice Prendergast, Christopher Snyder, Alexander Tabarrok, Brandon Tan and Witold Wiecek
Additional contact information
Amrita Ahuja: Douglas B. Marshall Jr. Family Foundation
Arthur Baker: University of Chicago Development Innovation Lab
Eric Budish: University of Chicago Booth School of Business
Juan Camilo Castillo: University of Pennsylvania
Rachel Glennerster: FCDO, UK
Michael Kremer: University of Chicago
Jean Lee: World Bank
Canice Prendergast: Chicago Booth School
Witold Wiecek: WAW Statistical Consulting

Research Papers from Stanford University, Graduate School of Business

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.

Date: 2021-01
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Citations: View citations in EconPapers (6)

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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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