EconPapers    
Economics at your fingertips  
 

Vaccine Supply: Effects Of Regulation And Competition

Patricia Danzon and Nuno Sousa Pereira

No 17205, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In US vaccine markets, competing producers with high fixed, sunk costs face relatively concentrated demand. The resulting price and quality competition leads to the exit of all but one or very few producers per vaccine. Our empirical analysis of exits from US vaccine markets supports the hypothesis that high fixed costs and both price and quality competition contribute to vaccine exits. We find no evidence that government purchasing has significant effects, possibly because government purchase tends to increase volume but lower price, with offsetting effects. Evidence from the flu vaccine market confirms that government purchasing is not a necessary condition for exits and the existence of few suppliers per vaccine in the US.

JEL-codes: D4 I11 I18 L11 (search for similar items in EconPapers)
Date: 2011-07
Note: HC HE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Published as Patricia Danzon & Nuno Sousa Pereira, 2011. "Vaccine Supply: Effects of Regulation and Competition," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 18(2), pages 239-271.

Downloads: (external link)
http://www.nber.org/papers/w17205.pdf (application/pdf)

Related works:
Journal Article: Vaccine Supply: Effects of Regulation and Competition (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:17205

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w17205

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-10-16
Handle: RePEc:nbr:nberwo:17205