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Why We Want Higher Face Mask Prices

face mask shortages
Comments (1)
  1. Splithoof says:

    Hi, I’m a 2nd year student of econometrics and my paper this semester is on this topic. I had a theory and wondered your genius opinion based on this article, if you have the time of course.

    I was considering a command-and-control system overlaid with forced supply increases and supply split into hospitals on one axis and public on another axis. Then I want to put a price floor in as well as a price ceiling. As far as I can tell marginal benefit can be kept with a distribution change (Schlee, E. 2008, p. 148) but the price ceiling would eliminate this, however, it would absorb external costs (Vogel, R.J 2004, p. 1132).

    For the life of me I cannot work out how to diagram this and if it would work like my brain is saying… I heard your knowledge is immense and had hoped you could guide me if you had the chance.

    Thank you so much

    Splithoof Rivera

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