Tuesday
July 29, 2014

Homework Help: Economics

Posted by gdlola on Tuesday, March 29, 2011 at 4:52pm.

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.

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