NUI Maynooth

NUIM ePrints and eTheses Archive

NUIM Library

Designing the Financial Tools to Promote Universal Access to AIDS Care*

Leoni, Dr. Patrick and Luchini, Stephane (2006) Designing the Financial Tools to Promote Universal Access to AIDS Care*. UNSPECIFIED. (Unpublished)

[img] Download (217kB)

Abstract

We argue that reluctance to invest in drug treatments to fight the AIDS epidemic in developing countries is largely motivated by servere losses occuring from the future albeit uncertain appearance of a curative vaccine. We design a set of secutities generating full insurance coverage against such losses, while achieving full risk-sharing with vacccine development agencies. In a general equilibrium framework, we show that those securities are demanded to improve social welfare in developing countries, to increase current investment in treatmeans and provision of public good. Even though designed for AIDS, those securities can also be applied to other epidemics such as Malaria and Tuberculosis.

Item Type: Other
Keywords: HIV/Aids funding, Security Design, Therapeutic innovation, Health underinventment, HIV/Aids vaccine
Subjects: Social Sciences > Economics
Item ID: 450
Depositing User: Ms Sandra Doherty
Date Deposited: 21 Nov 2006
Refereed: No
URI:

Repository Staff Only(login required)

View Item Item control page

Document Downloads

More statistics for this item...