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| http://www.americasblood.org
Economic principle:
1. People generally respond to incentives in predictable ways.
An incentive is something—either positive or negative—that influences the choices that a person makes. When incentives change, people's actions also change, usually in very predictable ways.
2. Institutions are the “rules of the game” that influence choices.
Laws, customs, moral principles, superstitions, and cultural values influence people’s choices. These basic institutions controlling behavior set out and establish the incentive structure and the basic design of the economic system.
OVERALL RESEARCH QUESTION: How should institutions like government, hospitals and companies incentivize people to sell or donate more blood?
SUB QUESTIONS
How can we have more blood donations without using money as an incentive?
Should people get paid for donating blood?
Should people be able to sell their blood?
RESOURCES FOR RESEARCH:
DATABASES:
Next research question: Should we be able to get paid for blood donations?
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Friday, February 16, 2018
We need blood!
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One thing I was a bit confused about is what is the difference of people selling their blood versus getting paid for giving blood? Would selling your blood be like a free market and getting paid for giving blood be paid by people who need blood or the government.
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