Preparing for a Pandemic: Accelerating Vaccine Availability / Amrita Ahuja, Susan Athey, Arthur Baker, Eric Budish, Juan Camilo Castillo, Rachel Glennerster, Scott Duke Kominers, Michael Kremer, Jean Nahrae Lee, Canice Prendergast, Christopher M. Snyder, Alex Tabarrok, Brandon Joel Tan, Witold Więcek.

Format:

Book

Author/Creator:

Ahuja, Amrita.

Contributor:

Athey, Susan.

Baker, Arthur (Economist)

Budish, Eric.

Camilo Castillo, Juan.

Glennerster, Rachel.

Kominers, Scott Duke.

Kremer, Michael.

Nahrae Lee, Jean.

Prendergast, Canice.

Snyder, Christopher M.

Tabarrok, Alex.

Tan, Brandon Joel.

Więcek, Witold.

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w28492.

NBER working paper series no. w28492

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2021.

Summary:

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. We find that if the goal is to accelerate the vaccine delivery timetable, 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.

Notes:

February 2021.

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