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    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 (Unpublished)

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    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
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 450
    Depositing User: Ms Sandra Doherty
    Date Deposited: 21 Nov 2006
    Refereed: No
    URI:

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