On-Demand Webinar
Economics Content: Deciding Who Gets What
Time: 60 mins,
Presenter: Kathleen Brennan
Objective
In this webinar teachers will be able to:
- Understand the concepts of scarcity and choice
- Identify alternative methods for allocating scarce resources
- Explain how a scarce resource like kidneys are allocated under alternative scenarios
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Description
This webinar introduces different methods that can be used to allocate scarce resources like concert tickets, college acceptances, and bottled water. In a market-based economy, most resources are allocated through the price mechanism, but ethical questions arise about whether prices should be used to allocate a scarce resource like kidneys. The current kidney exchange market is examined with a special emphasis on an innovative allocation strategy developed by economists.
Subjects:
Economics