Question

Q.The organ market debate has existed in the health economics field for many decades. The market...

Q.The organ market debate has existed in the health economics field for many decades. The market structure also differs across different countries. For instance, sale of kidneys in the US is illegal and people can only donate a kidney. Even in-kind gifts or compensation that is made to the donating party is considered an illegal activity. However, Iran has a legal market for kidneys. This next discussion forum will ask students to analyze kidney markets and organ markets. 1. Go on Google and research about how a person can sell their kidney in the US and Iran. Explain the process in a few sentences in your own words and describe how it is different between the two countries. 2. What does the demand side of kidney markets look like? Does this market constitute a demand for health or health care? What can you say about the elasticity of demand in this market? Explain. 3. What does the supply side look like for this market? Discuss why kidney suppliers might be different than someone who wants to sell their liver? What about bone marrow? 4. Will there be a shortage of kidneys in a).US. b).Iran c).both or d). neither? Explain. 5. What might be some of the problems facing a legal kidney market like that in Iran? 6. Discuss what you can say about a general organ market (not just kidney market). For instance, how is the kidney market different from bone marrow donation or sperm donation? Should all organs be supplied through donations or should people be allowed to sell at will? Think about any specific regulations that might make things better. Also, think about how some markets might work but other types of organ markets might not work. Discuss each case in detail, and use examples to help your analysis.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Q1,Iran offers their citizens a legal way to sell their kidneys — and Iran is the only country in the world where sale of kidney is legal.The process to sell their kidneys, there is a government foundation registers buyers and sellers, matches them up and sets a fixed price per organ. Since 1993, doctors in Iran have performed more than 30,000 kidney transplants in this way. Whereas in US , the sale of Kidney is illegal and Under the federal National Organ Transplant Act of 1984 (NOTA) -- found in Title 42, section 274e of the U.S. Code -- anyone convicted of buying or selling human organs in the United States faces a five-year prison sentence and/or a fine of up to $50,000.In US in order to become a living kidney donor, the donor has to join his state's online registry for donation of organ through the Donate Life America website at www.donatelife.net.

Q2.From a purely economic viewpoint,there is a huge demand for kidney and at the same time there is a low supply, because though the kidneys can come from a live or deceased donor,but the chances that a kidney will be blood-type and tissue-type well-matched with a patient is very low and not at all available in Kidney exchange market.The elasticity of demand of kidney market is relatively price inelastic ie, there is more demand and less supply.

Q3.As far as Supply side is considered , the supply is less and demand for kidney is huge.On the other hand If you need a liver donor, it could take quite some time. The average wait in the U.S. for a new liver is more than 300 days. It is so difficult to get a new liver from a living donor instead of a deceased one.Most of the patients are waiting for liver transplants from someone who has died, often in an accident. In order for a deceased person's liver to become available for transplant, they must have decided in advance to be an organ donor, or their family must give permission. Therefore the demand for living liver donor is high.Further as far as bone marrow transplant is considered,,each year, approximately thousands of people in the U.S. and in other countries who have been diagnosed with a blood cancer may need a bone marrow transplant. Yet only about only limited numbers of these patients go on to receive a transplant.2 Therefore, nearly 40% of patients do not receive a bone marrow transplant for a variety of reasons, including the inability to find a matched donor.

Q4. Definitely there will be a shortage of kidneys in a).US. and b).Iran c) since the demand of kidneys is huge.

Q5.Some of the problems facing a legal kidney market like that in Iran is that the system hasn’t always worked as think as good. Sellers have learned that they can cut side deals to earn up to thousands more from wealthy Iranians keen to bypass the roughly yearlong wait for a transplant under the government system, Moreover ,Outside the official transplant system, the rumors of a kidney black market offer enticing hope to victims of Iran’s troubles.

Q6.In kidney market and bone marrow market , there is some regulations and process need to followed to get it transplated through a donor, therefore the demad is also high and supply is less, and so simply it is called regulated business and on the other hand the Sperm donation, is an unregulated business, it can be often relied on to make ends meet. There's a reason for that,Good sperm has benefitted from increasing demand. It is also easy to donate, frequently. Men can donate as often as two or three times a week, earning up to $1,200 a month. All organs like Kidney, liver, heart , bone marrow can be supplied through donations, but people should not be allowed to sell at will excpet unregulated donation like sperm or egg donations.

Add a comment
Know the answer?
Add Answer to:
Q.The organ market debate has existed in the health economics field for many decades. The market...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The United Network for Organ Sharing, about 122,000 people are on the waiting list to receive...

    The United Network for Organ Sharing, about 122,000 people are on the waiting list to receive a kidney transplant just in the US alone. Normally, a healthy person is born with 2 kidneys; however, we can function with only one. Living donation can increase the limited supply that currently comes mostly from cadavers. Right now living donation is strictly done out of altruism. Paying donors might increase the supply. Should people be able to sell their own organs - like...

  • In the United States, organ procurement organizations (OPOs), transplant centres, and the medical professions coordinate the...

    In the United States, organ procurement organizations (OPOs), transplant centres, and the medical professions coordinate the organ donation process. The US government pays for this treatment through its Medicare program. What price should the US government pay for these organs from the taxes it collects from all citizens? Often multiple organs are removed from a single donor, meaning that there are joint costs such as operating room time, surgeons’ fee, and medications to preserve the organs. The OPO insist all...

  • Graph also needed 2. Trafficking in Illegal Merchandise: Over the past few years, there has been...

    Graph also needed 2. Trafficking in Illegal Merchandise: Over the past few years, there has been arguments made for markets in which organs can be transacted for transplant patients. Suppose the demand for a human organ (kidneys) can be represented by qP = 50 - p where the price is measured in thousands of dollars. Additionally, suppose the marginal cost of these goods is constant at 10. (a) Graph this market. Given that transacting in human organs is illegal (and...

  • 1. In the housing market prices often are inflexible downward. Show in a supply/demand diagram how...

    1. In the housing market prices often are inflexible downward. Show in a supply/demand diagram how this can lead to a surplus. 2. Given the following reservation prices, what price will maximize the quantity sold? Why? Bids to buy $20 $20 $20 $25 $30 $30 $30 $30 $35 $35 Bids to sell $15 $15 $20 $20 $25 $25 $25 $30 $30 $30 3. A friend says he expects to make money in the stock market using what he learned in...

  • Select a product market that is of interest to you. Use what you know about this...

    Select a product market that is of interest to you. Use what you know about this industry and knowledge from this course to answer the questions below. 1. a. Explain what you believe is the elasticity of demand in this market. Is it elastic or inelastic? Explain why? b. Provide an estimate of price and quantity sold in a recent period for this industry based on available data or estimates. Use whatever parameters are available (i.e. for a recent year...

  • pls answer as many qwuestions!! 1. A market has an inverse demand curve and four firms,...

    pls answer as many qwuestions!! 1. A market has an inverse demand curve and four firms, each of which has a constant marginal cost of. If the firms form a profit-maximizing cartel and agree to operate subject to the constraint that each firm will produce the same output level, how much does each firm produce? 2. Duopoly quantity-setting firms face the market demand curve. Each firm has a marginal cost of $60 per unit. a. What is the Nash-Cournot equilibrium?...

  • 2) What were some of the key challenges they encountered? How did they overcome them? 3)...

    2) What were some of the key challenges they encountered? How did they overcome them? 3) What were some of the key takeaways they learned to use in the future? When I assumed the leadership of Heinz’s Asia/Pacific business, in 1993, the company’s revenues from that part of the world were hardly a blip—and I’d never visited most of the countries in the region. I made my first trip there soon after I took the job, and it really opened...

  • Business Law I (Hypothetical #1) Narrative On the Start-Up Company "T87 Organ Synergies Inc Formation of...

    Business Law I (Hypothetical #1) Narrative On the Start-Up Company "T87 Organ Synergies Inc Formation of the Company: 4 individuals (Roberto, Luisa, Huang Fu and working for different companies involved in the healthcare and/or biomedical fields. Tung transplant surgeon for a local hospital in Philadelphia: Luisa is a biomedical resca science lab in Maryland that employs 75 people: Huang Fu is a top salesman for Tirm in New Jersey; and Darlene is a health care administrator for a chain of...

  • Tens Tips for changing health behaviors After years of working with health science students to help...

    Tens Tips for changing health behaviors After years of working with health science students to help older adults change health behaviors, it would be wonderful if I could offer the reader a simple formula for increasing the probability of success. Unfor- tunately, I fall victim to the “kitchen sink” syndrome that I think also afflicts the PRECEDE model just described. There are many factors that can influence the success or failure of an individual’s attempt to change a health behavior,...

  • demand curve (more sensitive to price)? Why? Media Analysis Question In today's economy, many sectors telecoms,...

    demand curve (more sensitive to price)? Why? Media Analysis Question In today's economy, many sectors telecoms, cable TV, digital branches from social media to internet search, health insurance pharmaceuticals, agro-business, and many more cannot be understood through the lens of competition. In these sectors, what competition exists is oligopolistic, not the "pure" competition depicted in textbooks. A few sectors can be defined as "price taking"; firms are so small that they have no effect on market price Agriculture is the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT