Friday, December 4, 2020

How the rich and privileged can skip the line for COVID-19 vaccines

 

"Black markets" are one way that people compete when the government tries to allocate something (STAT/Health, Dec. 2020.) A black market converts a command-and-control allocation into a market allocation.

Who loses if someone voluntarily sells their COVID-19 vaccine to someone else?

Who loses if a doctor voluntarily sells the opportunity to someone to "move to the head of the line" for the vaccine?

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