Bericht
Incentives for accelerating the production of Covid-19 vaccines in the presence of adjustment costs
Delays in the availability of vaccines are costly as the pandemic continues. However, in the presence of adjustment costs firms have an incentive to increase production capacity only gradually. The existing contracts specify only a fixed quantity to be supplied over a certain period and thus provide no incentive for an accelerated buildup in capacity. A high price does not change this. The optimal contract would specify a decreasing price schedule over time which can replicate the social optimum.
- Language
-
Englisch
- Bibliographic citation
-
Series: EconPol Policy Brief ; No. 33
- Classification
-
Wirtschaft
- Subject
-
Coronavirus
Impfung
Produktionskapazität
Leistungsanreiz
USA
- Event
-
Geistige Schöpfung
- (who)
-
Gros, Claudius
Gros, Daniel
- Event
-
Veröffentlichung
- (who)
-
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (where)
-
Munich
- (when)
-
2021
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Gros, Claudius
- Gros, Daniel
- ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Time of origin
- 2021
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