Open market for buying and selling of human organs
Relevant text material: Chapters 4 and 7 due 3/6
Would it be more efficient than current arrangements if we were to allow an open market for buying and selling of human organs to develop? (Before you take a position on this "positive" (see ch. 2) question, be sure to consider how human organs are currently rationed among people who want them, and the current arrangements for inducing the supply of human organs. Also, be mindful of our definition of efficiency!
Would a market for human organs increase total welfare (see ch. 7) or reduce it? Explain.