Citation
Discussion Paper Details
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Full Details
Title: Can we Trust Private Firms as Suppliers of Vaccines for the Avian Influenza?
Author(s): Rikard Forslid
Publication Date: March 2005
Keyword(s): vaccines
Programme Area(s): Industrial Organization
Abstract: Using a simple monopoly model, this note analyses the incentives of a vaccine producer. Because a vaccine tends to eradicate the disease for which it is intended, it also tends to destroy its own market. This means that monopolistic producers may be tempted, in a socially non-optimal way, to delay the introduction of vaccines against new infections until the disease has spread.
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Bibliographic Reference
Forslid, R. 2005. 'Can we Trust Private Firms as Suppliers of Vaccines for the Avian Influenza?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4980