Many argue that unregulated markets would fail due to lack of consumer knowledge, or information asymmetry. But competition in free markets actually gives rise to all kinds of mechanisms that help consumers make informed decisions. This is as true of medical tests for any other good.
Vipin Veetil
Vipin Veetil is an economics assistant professor at the Indian Institute of Technology Madras. He has a PhD in economics from George Mason University and was a postdoctoral fellow at University Pars 1 Pantheon-Sorbonne. Vipin works in the area of monetary economics, network economics, and agent-based modeling.
Latest work
The road to hell is paved with good intentions, says an old adage. Unfortunately, the saying has come to haunt India’s fight against the COVID virus. The Indian Council of Medical Research (ICMR)...
