Unusual Exchange Markets
Al Roth Keynotes - Professor Al Roth teaches Economics at Stanford University and is also the professor of Economics...
Al Roth spends a great deal of time talking about the kidney exchange as being an unusual market. It is illegal for organs to be exchanged for money or valuables, however people often work out a different kind of exchange when it comes to kidney transplants. If one needs a kidney, but their spouse is not a match, they find someone else on the kidney transplant list who is compatible with their spouses kidney and arrange a kind of trade.
Roth discusses the way in which people don't think of certain things, such as marriage or kidney exchanges as markets, but they are.