by Tyler Cowen
on March 28, 2011 at 1:57 pm
in Economics, Sports |
A die-hard cricket fan wants to sell his kidney for India-Pakistan semifinals match ticket.
Not unlike markets in whole humans.
That depends on the prices!
What will you give me for an economist with a heart.
They are very hard to find.
But he’s also a potential buyer. Cheap organs is kind of the point. There are excess kidneys everywhere you look.
How about kidney swaps? At a young age two pre-matched people sign a deal saying if the other needs a kidney anytime the partner would be obliged to give. Would there be a market for such organ-swap instruments?
but I think most of the gains from those trades will accrue to the buyers.
Yes but it’s a World Cup semi final. This might be an exception.
Calm down, it’s only a one-day match.
I suspect most of the non-pecuniary gains will go to the buyer, the pecuniary gains will largely go to the market maker.
Sadly, I don’t think anyone is offering to trade internal organs for a ticket to the other semi-final, Sri Lanka vs. New Zealand (not nearly as much at stake in nationalism terms, and with one side — not my side — red-hot favourite).
Why did you use the word “but?”
You have to wonder what his second best plan is to see the match. What are the odds that it is riskier to his health than losing a kidney?
I like how tickets are being sold for 25,000 Rupees, or about $500.
What’s wrong with that?
Since Tyler doesn’t usually answer commenters, I’ll fill in for him in answering David Henderson:
Sir, have you no sense of *fairness*? An exchange, even if voluntary, is not *fair* unless both parties benefit *equally*. (Or perhaps the less-well-off party has to benefit *more*? Oops . . . maybe *my* sense of fairness is a bit shaky!)
“most of the gains from those trades will accrue to the buyers.”
True for a lot of other legal trades.
Just like most of the gains from a kidney transplant go to the patient, not the surgeon. Just like the most of the gains from a purchase of eyeglasses goes to the buyer, not the seller. Who cares who receives most of the gains?
By the way, check out the comments to this post on kidney transplant tourism: http://www.gadling.com/2009/01/29/kidney-transplant-tourism-to-hit-singapore/ If there was any question before, there are PLENTY of people willing to sell their kidneys.
If kidney-sales get legal I hope they make prostitution legal too. Same principle.
if organ trading was legalized, wouldnt the organ market dry up for the ones most desperate? people who didnt plan on donating their organs when they die now have incentive to sell in order to leave behind more money to loved ones. and unlike the organs of live donors, the organs of the deceased have a certain time limit before theyre unusable. so their loved ones would be forced to sell their organs at whatever price they can get. wouldnt this drive down the price live organ traders normally command when it was still a black market? or am i missing something here?
Yes, organ prices would come down from black market prices because of increasing supply, saving untold thousands of lives, which is the point. The families of dead people being able to sell, but at a modest price, does not seem like a significant problem.
my point was that rapidly declining prices doesnt help the guy who planned on selling his kidney and half his liver to pay for his kids operation, or any other situation for the desperately poor who make up organ traders.
“…but I think most of the gains from those trades will accrue to the buyers.”
A final chance to see Sachin Tendulkar, India’s aging star and possibly the 2nd-greatest cricketer in history, in action at the World Cup — and against Pakistan, in a semi-final, and at home?
Good god, Tyler: you clearly don’t know what you’re talking about! That ticket would be cheap at twice the price!
Hey , India won the world cup!
Tickets were costly and hard to come by, and going by the match result it was worth a kidney
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