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  • TheEconomicsof Ideas: COVID-19 Vaccine?
  •  During a pandemic, we need new treatments — and fast. Economists often say, “incentives matter”, and that’s true, even in a pandemic.

    A vaccine or treatment is, fundamentally, an idea .

    However, as you’ll see, ideas are a bit tricky to incentivize. Watch the video below to learn about three different ways we can encourage the development of new ideas: patents, prizes, and subsidies.


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