Here’s a great interview with Mario Macis and Elizabeth Plummer expanding on their recent JAMA piece. From the interview:
“As an economist, I have always been very interested in understanding markets where persistent shortages exist. This is the case for blood donations in many countries and organ donations around the world.”
and
“One key reason for these shortages is that in these contexts, the price mechanism is not allowed to operate due to ethical considerations. While prohibiting financial transactions in these markets is meant to uphold moral values and prevent exploitation, it also comes with significant costs”
"As an economist, I have always been very interested in understanding markets where persistent shortages exist. This is the case for blood donations in many countries and organ donations around the world."
gizmodo.com/the-case-for…— Kim Krawiec (@kimkrawiec.bsky.social) March 25, 2025 at 9:44 AM