2 ms·
Jesus, when did economists get so single minded? The benefits of a vaccine are almost exclusively from the network effects. It is almost purely externality. Sin
by ouid 6y ago
Jesus, when did economists get so single minded? The benefits of a vaccine are almost exclusively from the network effects. It is almost purely externality. Since when are markets capable of efficiently allocating externalities? Likelihood to spread the virus does not correlate with personal incentive to get vaccinated.
There might be a market scheme for allocating the virus that does align with society's incentives, but I would bet dollars to pennies that that solution is basically just democratically elected government.