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Alex Tabarrok - Prizes, Prices, and Public Goods
Dwarkesh Podcast
How to Fund Vaccines That Work
The government really is not good at picking winners and losers. And the incentive is even weaker because you can only sell somebody a vaccine once, if it works at least right. When you have a prize, you really are opening up the field to these to the crazy ones right to the ones who wouldn't necessarily get through the NIH committees. Right now we're kind of pushing towards paying more for manufacturing capacity.
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