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Posted by Jada Le on May 06, 19100 at 09:38:53:
Many people have criticized the US blood supply system as being too commercial or business like and prefer a more altruistic method of collecting and distributing blood. The issue is whether donated blood containes viruses, such as HIV and Hepatitis. Some economists claim that the system isn't commercial enough. How might a more commercialized system depending on free market forces and the principles of competition improve the safety of the blood supply? Are there risks to taking such an approach? Might this improve total utility to society? Think about supply, demand, asymmetric information and market organization impacts.
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