Organ Market Business & Marketing Essay Research Coursework (Essay Sample)
This paper will be evaluated on completeness, brevity, clarity, and content. THIS IS A BUSINESS PAPER DO NOT DWELL ON THE SOCIAL ASPECTS (focus on price, qty demanded, supply, value created, etc)
Word Count: 300-500
Consider if there should be a market for organs -specifically kidneys. In the United States, It's illegal to sell kidneys.
Explain how this is in essence like the government has imposed a price ceiling of zero on the market for kidneys, thus creating a shortage.
Discuss how a free market for organs such as kidneys might result in benefits.
What value might be created from a free market for kidneys. Specifically, discuss how sellers might be better off and how buyers might be better off.
Would this leads to an efficient allocation of resources?
Are there any other issues to consider if there was a free market for kidneys such as fairness.(e.g., would only those most willing and able to pay for a kidney be the ones that benefit).
The National Organ Transplantation Act of 1984 outlaws the sale of organs for transplantation (Elias et al.). The prohibition creates a price ceiling at zero dollars for organs such as kidneys. This price ceiling leads to a mismatch between demand and supply, resulting in organ shortage despite the growing demand (Levy,402). Data from the Health Resources and Services Administration shows that over 109,000 patients were awaiting transplant as of September 2020, most of whom suffer from renal failure. Moreover, in 2019 only 39,718 organ transplants were performed, while 17 people die each day while awaiting organ transplant (Health Resources & Services Administration). This data shows a widening gap between demand and supply, leading to a public health problem (Levy,402). Furthermore, the organ shortage has led to organ trafficking and transplant tourism (Levy,404). Therefore, it is clear that the current legal frameworks are inadequate, and there is a need to implement new measures such as a free organ market to combat the challenging reality.
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