EconPapers    
Economics at your fingertips  
 

Repugnance as a Constraint on Markets

Alvin Roth ()

No 12702, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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, change can be quite slow.

JEL-codes: A10 C78 D62 D63 I11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe
Date: 2006-11
Note: HC LE
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published as Alvin E. Roth, 2007. "Repugnance as a Constraint on Markets," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 37-58, Summer.

Downloads: (external link)
http://www.nber.org/papers/w12702.pdf (application/pdf)

Related works:
Journal Article: Repugnance as a Constraint on Markets (2007) Downloads
Working Paper: Repugnance as a Constraint on Markets (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:12702

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w12702

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2019-08-20
Handle: RePEc:nbr:nberwo:12702