Fairness as a constraint on markets

Fairness as a constraint on markets - PPE 203/PSYC 265...

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PPE 203/PSYC 265 Lecture for 4/3/12
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00 6,000 8,000 10,000 1995-2009 Deaths and Exits on the Organ Transplant Waiting List 0 2,000 4,00 1995 19 9 6 1997 8 1 99 2000 2 02 3 04 5 20 7 2009 Source: United Network for Organ Sharing Died while Waiting Too Sick to Transplant
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c The National Organ Transplant Act (NOTA) of 1984 states: “It shall be unlawful for any person to knowingly acquire, receive, or otherwise transfer any human organ for valuable consideration for use in human transplantation. ..”
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Repugnant Transactions c “Repugnance” is a technical barrier to markets like any other c Repugnance, in some sense, destroys welfare because it does not allow trades that would make both parties better off.
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Three Ways to Save Lives c Increasing Supply c Removing Technical Barriers c Efficient Allocation Picture from UCLA Kidney Exchange. www.transplants.ucla.edu/KidneyExchange
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Imagine that you have to allocate 100 organs to two groups of 100 each: People in group A have a 75% survival rate People in group B have a 50% survival rate What is the just way to allocate? Ubel & Loewenstein,
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This note was uploaded on 04/04/2012 for the course BPUB 250 taught by Professor Seim during the Spring '08 term at UPenn.

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Fairness as a constraint on markets - PPE 203/PSYC 265...

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