European Vaccine-rollout Policy, Unraveled Markets, and Moral Externalities

This paper seeks to address the role of European public policy in addressing problem Covid-19 vaccine-rollout policy. Currently Europe, instead market-based allocation a centralized command-based approach has been implemented essential questions production and distribution vaccines throughout EU. is centralized, decision-making on which leading political sociological tensions among EU Member States. Paper argues that order mitigate these shortcomings could employ more nuanced approach. While employing law economics tools this addresses how societies should allocate vaccine and, importantly, who make decisions. Moreover, identified moral negative externalities, status quo omission biases, planning fallacy, risk aversion, administrative rigidity, notorious type-I-type-II error fallacy related unraveled markets phenomena might result failures.