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Essay / Research Paper Abstract
A 5 page analysis of the pros and cons of instituting a market for transplantable human organs from an economic viewpoint. Discusses costs and benefits, both to the investor and society, and the questions which must be answered before a policy can be formulated. Bibliography lists three sources.
Page Count:
5 pages (~225 words per page)
File: D0_90organ.rtf
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Unformatted sample text from the term paper:
donation and procurement process into the buying and selling or organs must be avoided as an obvious evil. But is that a reasonable prohibition? What exactly would be the costs
and benefits of such a development? A dispassionate consideration of the subject reveals that there would indeed be benefits associated with an open market in organs. The most obvious result
would be a dramatic increase in the number of organs available for transplant. It is also likely that a professional organization whose sole aim was to profit from the sales
of these organs would be better equipped to track, catalog, and match organs with potential recipients than the loose network of medical centers and voluntary organizations which must now work
with limited funds to try to make those connections. It seems obvious that, on both the spot and futures market, organ sales would be a phenomenally lucrative proposition. Prices ranging
from tens of thousands to hundreds of thousands of dollars could be had for the organs themselves, depending on tissue type, which organ it was, how rare the genetic characteristics,
etc. On the spot market, an individual with venture capital could expect to see a geometric return on an initial investment. And as the market becomes developed and prices for
organs begin to adjust to demand, an investment in organ futures would be a difficult opportunity for an investor to pass up. It might be argued that these sales would
benefit the wealthy few who could afford the astronomically priced organs at the expense of the poor, who would be the disproportionate donors of such organs. This is almost certainly
true; however, that criticism could be (and often is) leveled against the current system (DePalma, 1996). At prices ranging from $250,000 to well over $1 million, organ transplants are not
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