Mechanism design for pandemics

نویسندگان

چکیده

Under normal circumstances, competitive markets do an excellent job of supplying the goods that members society want and need. But in emergency like a pandemic, unassisted may not suffice. Imagine, for example, suddenly needs to obtain tens (or even hundreds) millions COVID-19 virus test kits week. Test this are new product, so it be clear who relevant set manufacturers are. If we had luxury time, laissez-faire market might identify these manufacturers: price would adjust until supply matched demand. getting size equilibrate quickly is unrealistic. Furthermore, don’t work well when there concentrations power on either buying or selling side, as here. Finally, is, part, public good (its benefits go just person being tested, but everyone he come contact with), usually provide adequately. Fortunately, mechanism design can enlisted help.

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ژورنال

عنوان ژورنال: Review of Economic Design

سال: 2022

ISSN: ['1434-4742', '1434-4750']

DOI: https://doi.org/10.1007/s10058-021-00270-7