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Why We Want Higher Face Mask Prices

face mask shortages
Comments (2)
  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

  2. You brought up a great point about how the supply chains for masks are stressing throughout the world. However, we can’t just stop wearing masks. Maybe we can get more efficient ones that last longer so the demand goes down a bit.

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