Here is
a
question
I
will
be
asking
my
freshman
seminar
this week:
You
are
a
utilitarian
social
planner.
You
have
a
limited
number of
H1N1
vaccines.
How do you
allocate
them?
Do
you
(A)
give
them
to
high
risk
populations,
or
(B)
sell
them
to
the
highest
bidder
and
rebate
the
revenue
lump
sum
to
everyone
in
the
population?
If
you
choose
(A),
do
you
allow
those
individuals
allocated
the
vaccine
to
sell
their
dose
to
someone
else?
Be
sure
to
specify
the
economic
environment
as
carefully
as
possible.
And
remember:
Your
goal
is
to
maximize
total
utility.
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