Questions: Considering the date at which the article was written.

1. Why might economists argue that there is market failurein the fight against COVID-19?

2. What type of market failure do you think this is an example of, and how do economists generally recommend that such failures be addressed? Be specific as to type, and explain in words how this resolves the failure.

3. Do you think Ohio's vaccine lottery program was a success? Explain why or why not.

4. Which of the seven incentives below do you think would be the strongest inducement to someone to receive a COVID-19 vaccine, among those who have not yet been vaccinated at this point?

1. they received $100 at time of getting the jab
2. someone close to them contracted COVID
3. their employer required the vaccine
4. their doctor recommended the vaccine
5. they were entered into a $1 million lottery
6. the former president urged them

Ohio's vaccine lottery saved more than $60m in averted healthcare costs | The Economist this is the article that is being used.