Describe each of the following proposals. Compare their benefits and drawbacks. How does each of them solve the problem created by a vaccine patent? What new problems do they create ? Which provides the greatest benefit for society in the long run? What consequence doe they have on incentives?

(a) Some commentators have proposed a suspension of the intellectual property rights for COVID-19 vaccines.

(b) Others have proposed mandatory licensing

(c) Some older ideas include such mechanisms as patent buyouts