BREAD Working Paper No. 590, June 2021

Could Vaccine Dose Stretching Reduce COVID-19 Deaths? Witold Wiecek, Amrita Ahuja, Michael Kremer, Alexandre Simoes Gomes, Christopher M. Snyder, Alex Tabarrok, and Brandon Joel Tan   Abstract We argue that alternative COVID-19 vaccine dosing regimens could potentially dramatically accelerate global COVID-19 vaccination and reduce mortality, and that the costs of testing these regimens are dwarfed […]

BREAD Working Paper No. 530, November 2017

Preventives Versus Treatments Redux: Tighter Bounds on Distortions in Innovation Incentives with an Application to the Global Demand for HIV Pharmaceuticals Michael Kremer, Christopher M. Snyder Abstract Kremer and Snyder (2015) show that demand curves for a preventive and treatment may have different shapes though they target the same disease, biasing the pharmaceutical manufacturer toward […]

BREAD Working Paper No. 544, September 2018

Worst-Case Bounds on R&D and Pricing Distortions: Theory and Disturbing Conclusions if Consumer Values Follow the World Income Distribution Michael Kremer, Christopher M. Snyder Abstract We prove that, for general demand and cost conditions and market structures, the fraction of first- best surplus that a monopolist is unable to extract in a market provides a […]

BREAD Working Paper No. 551, December 2018

Using RCTs to Estimate Long-Run Impacts in Development Economics Adrien Bouguen, Yue Huang, Michael Kremer, Edward Miguel Abstract We assess evidence from randomized control trials (RCTs) on long-run economic productiv- ity and living standards in poor countries. We first document that several studies estimate large positive long-run impacts, but that relatively few existing RCTs have […]

BREAD Working Paper No. 555, July 2018

Borrowing Requirements, Credit Access, and Adverse Selection: Evidence from Kenya William Jack, Michael Kremer, Joost de Laat, Tavneet Suri Abstract Do the stringent formal sector borrowing requirements common in many developing countries restrict credit access, technology adoption, and welfare? When a Kenyan dairy’s savings and credit cooperative randomly offered some farmers the opportunity to replace […]

BREAD Working Paper No. 574, March 2020

Optimal Subsidies for Prevention of Infectious Disease Matthew Goodkin-Gold, Michael Kremer, Christopher M. Snyder, Heidi Williams Abstract Most economists would agree that the positive externalities caused by prevention of infectious disease create a prima facie case for subsidies. However, little is known about the appropriate magnitude of these subsidies, or about whether the level of […]