. Discuss the concept of externality in health care using the example of vaccination against an infectious disease. How can the government internalize this externality to achieve social/optimal equilibrium? Why is this governmental intervention important and what are the different policy options?

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
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5. Discuss the concept of externality in health care using the example of vaccination against an infectious disease. How can the government internalize this externality to achieve social/optimal equilibrium? Why is this governmental intervention important and what are the different policy options?
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