CHICAGO, Nov. 24 (Xinhua) -- The monetary value of a vaccine that could potentially end the COVID-19 pandemic is between 5 percent and 15 percent of worldwide wealth, according to a study posted on the website of the University of Illinois (UI) on Monday.
The researchers estimated the value of a vaccine -- what a "representative agent" would be willing to pay to end the ongoing pandemic -- using the joint behavior of stock prices and a novel vaccine progress indicator based on the chronology of stage-by-stage progress of individual vaccine candidates and related news.