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Why is There No AIDS Vaccine?
Pedro Rey Biel
World Economics, December 2001
This paper provides an economic explanation for the non-existence of a vaccine against AIDS. It comments on previously claimed economic reasons why private laboratories do not have incentives to invest in an AIDS vaccine and provides a new one: private companies already operate in the market for treatment of already infected patients, which market is threatened by the eventual emergence of a vaccine that cuts the cycle of infection. Finally, the paper discusses some mechanisms to provide incentives for further private research in diseases where a treatment product already exists.
Financial Crises and Social Spending
World Economics, December 2010
Public Health, Advertising and Reality
World Economics, December 2009
Endangering the War on Terror by the War on Drugs
World Economics, September 2008
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