They implicitly threw away markets in favor of central planning. An advance market commitment for Covid-19 should combine “push” and “pull” incentives. The “pull” incentive is the commitment to buy 300 million courses of vaccine at a per-person price of $100, for vaccines produced within a specified time frame. If multiple vaccines are developed, the … Continue reading Oops: The Problem with the Athey, Kremer, Snyder, and Tabarrok Proposal