Market for kidneys
Not what you're looking for?
Kidney's (transplant) are not allocated through markets. What are the pros and cons of switching to a market for kidneys? (Note: Currently, people can volunteer to donate one of their two kidneys, and getting a kidney is dependent upon your need and prognosis (and sometimes having a relative who is a "match" donate theirs.) Please provide at least 100 words in the solution. No external references are required.
Purchase this Solution
Solution Summary
This solution exemplifies several ramifications of the market for kidneys. It discusses the pros and cons of switching to a market for kidneys. A pro includes the fact that people in need of a kidney could have their lives saves and a con includes the potential exploitation of poor people to put kidneys on the market. The explanation is given in 173 words.
Solution Preview
Market for kidney suffers a price ceiling of zero which implies that you can not buy and sell it in the market. What if this would be allowed in the market?
Positive side: People that are in need for a kidney would like to ...
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.