Describe graphically the government restriction

Reference no: EM133255848

Question (Discussion: A free market for kidneys?1)
Large number of patients who suffer from degenerative kidney disease ultimately require a new kidney in order to survive. Healthy individuals have two kidneys but usually can live a normal life with just a single kidney. Thus, kidneys lend themselves to "live donations"-i.e. unlike an organ like the heart, the donor can donate the organ while alive (and live a healthy life with a high degree of likelihood). It is generally not permitted for healthy individuals to sell a kidney-kidney's can only be donated for free (with only the medical cost of the kidney transplant covered by the recipient or his insurance).

a) Describe graphically the government restriction that is currently imposed to the market for kidneys

b) "The market for kidneys is no different in principle than the market for crude oil, Justin Bieber tickets, old coins, soybeans, or unskilled labor." Do you agree with what is being proposed in the cited article by Mark Perry and if not, can you think of a better alternative?

Reference no: EM133255848

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