Flu vaccine and the free market
Posted by xthinker88 10 years, 11 months ago to Economics
Ok. So this to me is the epitome of the top down central planning style of economics.
I'm wondering aloud what a free market approach would look like. So somebody realizes by mid October what viruses should be included in the vaccine but can only supply 1/5 of the doses based on the short notice. Would people be willing to pay 5x for a better vaccine? Thoughts on how this could work?
I'm wondering aloud what a free market approach would look like. So somebody realizes by mid October what viruses should be included in the vaccine but can only supply 1/5 of the doses based on the short notice. Would people be willing to pay 5x for a better vaccine? Thoughts on how this could work?
