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Calculating Private and Social Returns to COVID-19 Vaccine Innovation.
2022
Files
Details
Title
Calculating Private and Social Returns to COVID-19 Vaccine Innovation.
Author
Item Type
Working paper
Description
19 pages ; [28] cm.
Summary
What is the return to COVID-19 vaccine innovation? This paper seeks to quantify both private and social returns, using available data on commercialized vaccines and certain assumptions about the pandemic’s epidemiological path as well as the economic costs of containment measures. The calculations reveal high returns to innovation. In the baseline scenario, the social benefit of vaccine innovation amounts to 70.5 trillion United States (U.S.) dollars globally, exceeding its private benefit by a factor of 887. The calculations bear on the private and public incentives to invest in vaccine innovation.
Series
Type of File
Online publication
Series
Economics Working Papers ; no. 68.
Translations
Published
Geneva, Switzerland : World Intellectual Property Organization, 2022.
Language
English
Copyright Information
CC BY 4.0 WIPO
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