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Stable Allocations Of Vaccines In A Political Economy, Zephirin Nganmeni, Roland Pongou, Bertrand Tchantcho, Jean-Baptiste Tondji

Economics and Finance Faculty Publications and Presentations

We develop a theory that addresses the existence of stable vaccine allocations in a political economy where vaccination offers both private and social benefits. These are allocation policies that a political leader can enforce without losing their popularity. We show that a stable allocation may not exist if vaccine supply is sufficiently low relative to the number of individuals eligible to receive a dose. We then characterize the minimum number of vaccine doses guaranteeing the existence of a stable vaccine allocation. Moreover, when individuals have unequal voting rights in the political economy, stable allocations favor those with greater voting power. …