Posted by chris on .
You are a utilitarian social planner and have a very limited number of vaccines to a new and potentially deadly virus.
How do you allocate them? Do you:
(A) give them to specific groups, such as high-risk populations, or
(B) sell them to the highest bidder and rebate the revenue lump-sum to everyone?
If you choose (A), do you allow those individuals allocated the vaccine to sell their dose to someone else?
Remember -your goal is to Maximize Total Utility.
A- give them to a specific group, such as high-risk populations. yes I would allow those individuals allocated to vaccine to sell their dose to someone else.