Allowing A Positive Price for Kidneys Would Reduce Their Implicit Price
Moreover, contrary to widely accepted conventional arguments on the subject, free-market sales of bodily organs can actually lower their effective prices. In this article, we focus on the market for transplantable kidneys, but only for purposes of illustration. The points we make here apply more broadly.
This is from this month’s Econlib Feature Article, “How Free-Market Kidney Sales Can Save Lives–And Lower the Total Cost of Kidney Transplants,” by Kathryn Shelton and Richard B. McKenzie.