Vaccines are regarded as one of the greatest public health triumphs. But despite direct benefits, some parents choose not to vaccinate their children and can effectively free-ride off the immunization of others. Policymakers must weigh potential limitations on private freedoms with public health when considering how to achieve the socially optimal level of vaccination.
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Boulier, Bryan L., Tejwant S. Datta, and Robert S. Goldfarb. "Vaccination Externalities." B.E. Journal of Economic Analysis and Policy, May 2007, vol.7, issue 1, article 23.
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