Repugnance as a constraint on markets

Repugnance as a constraint on markets
Alvin E. Roth, Alvin E. Roth
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Last edited by MARC Bot
December 11, 2024 | History

Repugnance as a constraint on markets

This essay examines how repugnance sometimes constrains what transactions and markets we see. When my colleagues and I have helped design markets and allocation procedures, we have often found that distaste for certain kinds of transactions is a real constraint, every bit as real as the constraints imposed by technology or by the requirements of incentives and efficiency. I'll first consider a range of examples, from slavery and indentured servitude (which once were not as repugnant as they now are) to lending money for interest (which used to be widely repugnant and is now not), and from bans on eating horse meat in California to bans on dwarf tossing in France. An example of special interest will be the widespread laws against the buying and selling of organs for transplantation. The historical record suggests that while repugnance can change over time, it can persist for a very long time, although changes in institutions that reflect repugnance can occur relatively quickly when the underlying repugnance changes.

Publish Date
Language
English
Pages
31

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Cover of: Repugnance as a constraint on markets
Repugnance as a constraint on markets
2007, Division of Research, Harvard Business School
in English

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Book Details


Edition Notes

"March 21, 2007"--Added t.p.

Includes bibliographical references.

Published in
Boston
Series
Working paper / Division of Research, Harvard Business School -- 07-077, Working paper (Harvard Business School. Division of Research) -- 07-077

The Physical Object

Pagination
31 p.
Number of pages
31

Edition Identifiers

Open Library
OL57141922M
OCLC/WorldCat
165065584

Work Identifiers

Work ID
OL42099325W

Source records

Harvard University record

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