TY  - BOOK
N2  - 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.
DO  - 10.34667/tind.46653
DO  - doi
AB  - 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.
T1  - Calculating Private and Social Returns to COVID-19 Vaccine Innovation.
AU  - Fink, Carsten,
L1  - https://tind.wipo.int/record/46653/files/wipo-pub-econstat-wp-68-en-calculating-private-and-social-returns-to-covid-19-vaccine-innovation.pdf
VL  - no. 68
LA  - eng
ID  - 46653
L4  - https://tind.wipo.int/record/46653/files/wipo-pub-econstat-wp-68-en-calculating-private-and-social-returns-to-covid-19-vaccine-innovation.pdf
KW  - COVID-19 pandemic
KW  - Vaccines.
KW  - Medical innovations.
TI  - Calculating Private and Social Returns to COVID-19 Vaccine Innovation.
L2  - https://tind.wipo.int/record/46653/files/wipo-pub-econstat-wp-68-en-calculating-private-and-social-returns-to-covid-19-vaccine-innovation.pdf
LK  - https://tind.wipo.int/record/46653/files/wipo-pub-econstat-wp-68-en-calculating-private-and-social-returns-to-covid-19-vaccine-innovation.pdf
LK  - https://dx.doi.org/10.34667/tind.46653
UR  - https://tind.wipo.int/record/46653/files/wipo-pub-econstat-wp-68-en-calculating-private-and-social-returns-to-covid-19-vaccine-innovation.pdf
UR  - https://dx.doi.org/10.34667/tind.46653
ER  -