Saturday, December 5, 2009

Blood products obey the laws of economics

The United States is one of the few countries that allows [blood] plasma donors to be paid....

But many of the countries that prohibit compensation do not collect enough plasma. So they rely on plasma or plasma products made from the blood of people who donate in the United States, which supplies more than half the world’s plasma.
--Andrew Pollack, NYT, on upward sloping supply curves in blood product donation

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