Vaccine supply: A crossnational perspective

• Type: Article in International Scientific Journal
• Date: 2005

Authors

Danzon, PM (Author) Other; Nuno Sousa Pereira (Author) FEP; Tejwani, SS (Author) Other

Journal

Title: Health Affairs

Vol. 24

Pages: 706-717

ISSN: 0278-2715

Publisher: Project Hope

Indexing

ISI Web of Knowledge - 33 Citations

Scopus - 36 Citations

Other information

Authenticus ID: P-000-3KN

DOI: 10.1377/hlthaff.24.3.706

Abstract (EN): In U.S. vaccine markets, competing producers with high fixed, sunk costs face relatively concentrated demand. This tends to lead to exit of all but one or very few producers per vaccine. Detailed evidence of exits and shortages in the flu vaccine market demonstrates the importance of high fixed costs, demand uncertainty, and dynamic quality competition. A comparison of vaccine suppliers in four industrialized countries compared with the United States shows that smaller foreign markets often have more and different vaccine suppliers. High, country-specific, fixed costs, combined with price and volume uncertainty, plausibly deters these potential suppliers from attempting to enter the U.S. market.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 12