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UID:20260601T121238EDT-96156uovnl@132.216.98.100
DTSTAMP:20260601T161238Z
DESCRIPTION:\n	\n		Dynamic Games and Applications Seminar\n\n		Speaker: Agnieszk
 a Wiszniewska-Matyszkiel – Warsaw University\, Poland\n\n		Webinar link\n			Web
 inar ID: 841 3695 9888\n			Passcode: 120834\n\n		In this paper\, we model the p
 roblem of 'the tragedy of the commons' that appears in the context of curr
 ent pandemic\, describing one of the aspects whose potential consequences 
 hasn't been investigated. It is related to the fact that some of COVID-19 
 vaccines at various stages of development use adjuvants based on squalene 
 obtained from endangered deep-sea shark species. We model the squalene mar
 ket\, with such COVID-19 vaccines producers as a part of it\, as a compoun
 d dynamic game taking into account various aspects of this market. One of 
 them is the privileged position of relatively small number of those vaccin
 e producers.\n\n		The game describes a market consisting of pharmaceutical\,
  cosmetic\, and fishing sector. We calculate Nash and Stackelberg equilibr
 ia in which COVID-19 vaccine producers do not take into account their infl
 uence on the population of sharks. We prove the existence and uniqueness o
 f equilibria together with deriving the formula to find it. We discuss the
  consequences of relaxing the assumption of vaccine producers myopia conce
 rning sharks.\n\n		'The tragedy of the commons' in both cases results in end
 angering of the vaccination program\, including COVID vaccines: either bec
 ause of depletion of the shark population or its reduction to a level at w
 hich the cost of squalene production exceeds the maximal price that can be
  paid for it. So\, the solution of ''the tragedy'' by a regulatory institu
 tion is suggested\, with various remedies that can be used by it.\n\n		Despi
 te using terminology related to a specific problem of high current importa
 nce\, this may be treated as a starting point to a general theory emphasiz
 ing the need to indicate other potential scarce renewable resources for wh
 ich similar phenomena are likely to appear in the future\, in order to cou
 nteract such risks a priori.\n\n		Event link\n	\n\n
DTSTART:20220512T150000Z
DTEND:20220512T160000Z
LOCATION:CA\, ZOOM
SUMMARY:Sharks\, Squalene and COVID Vaccines - When a Scarce Renewable Reso
 urce Becomes Strategic in Short Run
URL:https://www.mcgill.ca/cim/channels/event/sharks-squalene-and-covid-vacc
 ines-when-scarce-renewable-resource-becomes-strategic-short-run-339522
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