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Myopic self-interest restricts access to COVID-19 vaccines

Asaria, Miqdad ORCID: 0000-0002-3538-4417 and Costa-Font, Joan ORCID: 0000-0001-7174-7919 (2021) Myopic self-interest restricts access to COVID-19 vaccines. LSE Business Review (03 Feb 2021). Blog Entry.

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Abstract

COVID-19 vaccination presents a picture of inequality: about 51% of the world’s vaccines are in the hands of 14% of the global population. Between and within countries, the distribution of vaccines has reflected existing racial and socioeconomic hierarchies rather than allocations that would maximise collective social welfare. Many countries see this as a contest. As a result, ‘winners’ order many more vaccines than they need, leading to reduced supplies and higher prices for everyone else. Miqdad Asaria and Joan Costa-Font explain why this doesn’t make sense from a health security point of view and is likely to backfire economically.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Authors
Divisions: LSE Health
Health Policy
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 26 Mar 2021 14:51
Last Modified: 29 Aug 2021 23:04
URI: http://eprints.lse.ac.uk/id/eprint/109048

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