Oh, it’s so much worse than that. What happens when the central planner combines threats to those who don’t distribute all the vaccine doses they get, with other threats to those who let someone ‘jump the line’? Care to solve for the equilibrium?
You conclude that vaccination facilities will reduce their orders so they are guaranteed to be able to distribute all. I think in practice it is much easier to cook the books and/or destroy vaccines as necessary.
More pressingly, this is the first mention I’ve run into of the potential seriousness of the South African variant. But (perhaps for the first time since February) it really seems to be the case that “more data is needed before we can make an informed judgment on this”?
You conclude that vaccination facilities will reduce their orders so they are guaranteed to be able to distribute all. I think in practice it is much easier to cook the books and/or destroy vaccines as necessary.
More pressingly, this is the first mention I’ve run into of the potential seriousness of the South African variant. But (perhaps for the first time since February) it really seems to be the case that “more data is needed before we can make an informed judgment on this”?
Definitely need more data, and data would be easy to get. Just need to do the tests.
Your alternative equilibrium… Isn’t better...
If you have the choice it seems simpler and safer to order no vaccine. Especially if you’re hardly getting paid anyway.