Microeconomics and kidney organ market
Hundreds of people worldwide die daily while waiting on an organ transplant list. In many cases there are people willing to help them by giving up their own organs, for a price. However, in most countries governments have intervened in an effort to deal with concerns of fairness. The kidney organ market in the US is one such of these examples. In the United States such sales are illegal under the National Organ Transplant Act of 1984, but while well intended the ban on organ sales does come at a cost.
This is a multipart assignment in which you will examine and evaluate the organ market, outlining the merits and weaknesses of regulations as well as suggest an alternative, from an economic point of view. As you progress through the course you will incorporate more and more economic language into your analysis, in the end forming a complete economic discussion.
Part I – (this draws on welfare analysis regulation (Ch 4) to improve the argument made in the Rough Draft as well as describe an unintended consequence)
Consider regulations in the US kidney market and the negative aspects of the government intervention. In addition to improving your paper based on the feedback you received, add to your previous discussion of the US kidney market using what you have learned about DWL and welfare analysis; specifically discuss efficiency concerns as a result of the intervention. You may have discussed DWL in the rough draft but you should elaborate on that discussion and really focus on what causes the DWL and in what ways is loss generate, exactly who is impacted and how; give specific examples.
Part II – (this requires you to offer a creative alternate solution to the consequence you described above)
Now put yourself in the role of a social advocate. Noting the problems you presented above, what solutions do you have to help protect society? Offer an alternative solution that addresses the issues you noted in the rough draft and avoids the problems you noted above. Be creative, you are not limited to possible government interventions but should also consider potential interventions from other groups in society.
Meet formatting and length requirements, 7-8 pages
No plagiarism
VERY Limited quoted text (must be written in your own words)
A complete paper including all parts of the case study assignment
Use economic terminology to discuss the market as described under assignment details
Address the feedback from the rough draft
Include economic graph (see rough draft) and discuss it
Include updated bibliography page
Upload 1 file (you cannot upload text, graphs, etc as separate files)
Correct file type: doc OR docx (NOT .pages)
