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You are a utilitarian social planner and have a very limited number of vaccines to a new and potentially deadly virus. How do y...Asked by gdlola
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.
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.
Answers
Answered by
Ms. Sue
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