As an ‘initial move’ in the pandemic game, I sympathize with allocating-via-money as ‘crazy’. But not doing that also has a significant opportunity cost long-term, e.g. foregoing resources for further production of vaccines that people want.
This is what ‘public goods’ with strong positive externalities provided by governments paying the vaccine companies are for.
As an ‘initial move’ in the pandemic game, I sympathize with allocating-via-money as ‘crazy’. But not doing that also has a significant opportunity cost long-term, e.g. foregoing resources for further production of vaccines that people want.
This is what ‘public goods’ with strong positive externalities provided by governments paying the vaccine companies are for.