Economics Compare Essay 750-1000 words

Title – Competitive vaccine market coordination under subsidy and price cap

Theses statement –

Vaccine markets are likely to reach equilibrium with only one or at most a few suppliers of vaccine but subsidizing and putting price cap on vaccines in a competitive market leads to socially optimum consumption by reducing externalities, less exploitation of consumers’ willingness to pay and less shortage.

References

 

Danzon, Patricia M, & Sousa Pereira, Nuno. (2011). Vaccine Supply: Effects of Regulation and Competition. International Journal of the Economics of Business, 18(2), 239–271. https://doi.org/10.1080/13571516.2011.584429

Jansen, Maria C, & Özaltın, Osman Y. (2018). Optimal production in a competitive market under yield uncertainty. Optimization Letters, 12(7), 1487–1502. https://doi.org/10.1007/s11590-018-1288-0

Kessing, Sebastian G, & Nuscheler, Robert. (2006). Monopoly pricing with negative network effects: The case of vaccines. European Economic Review, 50(4), 1061–1069. https://doi.org/10.1016/j.euroecorev.2004.06.007

Mamani, Hamed, Adida, Elodie, & Dey, Debabrata. (2012). Vaccine market coordination using subsidy. IIE Transactions on Healthcare Systems Engineering, 2(1), 78-96.