The global strategy to cope with H5N1: the property rights caveat
Shortage of stockpiled antiviral drugs and insufficient production capacity of vaccines make the possible avian flu pandemic a global disaster. Catastrophic consequences in social and economic losses loom over the near future of humans but they derive from a wrong business model based on private pro...
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| Format: | Report |
| Language: | unknown |
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| Online Access: | http://repec.deps.unisi.it/depfid/text908.pdf |
| Summary: | Shortage of stockpiled antiviral drugs and insufficient production capacity of vaccines make the possible avian flu pandemic a global disaster. Catastrophic consequences in social and economic losses loom over the near future of humans but they derive from a wrong business model based on private production granted by patent rights and price discrimination. In this paper a new sustainable economic model for vaccines and antiviral drugs production based on liability rule and trust fund is advanced. avian flu, ambiguity, incomplete rights, market failure. |
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