Governments generally want people to get immunised against highly contagious viruses such as COVID-19. Nonetheless many people refuse to take the vaccination jab, because they overestimate the likelihood of side effects, or because they are complacent about getting infected or the severity of symptoms they might experience. They also might not care or understand that their immunity protects others. Use the theories of market failure and government intervention to analyse the motives of government, the anti-vax phenomenon and their consequences. What, if anything should government do to make more people get vaccinated? What would be the problems with such interventions?

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST4: Keynes And Hayek: Contrasting Views On Sound Economics And The Role Of Government
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Governments generally want people to get immunised against highly contagious viruses such
as COVID-19. Nonetheless many people refuse to take the vaccination jab, because they
overestimate the likelihood of side effects, or because they are complacent about getting
infected or the severity of symptoms they might experience. They also might not care or
understand that their immunity protects others. Use the theories of market failure and
government intervention to analyse the motives of government, the anti-vax phenomenon
and their consequences. What, if anything should government do to make more people get
vaccinated? What would be the problems with such interventions?

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