@TechReport{iza:izadps:dp10187, author={Elias, Julio and Lacetera, Nicola and Macis, Mario}, title={Efficiency-Morality Trade-Offs in Repugnant Transactions: A Choice Experiment}, year={2016}, month={Sep}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={10187}, url={https://www.iza.org/index.php/publications/dp10187}, abstract={Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from deontological to strongly consequentialist; the median respondent would support payments by a public agency if they increased the annual kidney supply by six percentage points, and private transactions for a thirty percentage-point increase. Fairness concerns drive this difference. Our findings suggest that cost-benefit considerations affect the acceptance of morally controversial transactions, and imply that trial studies of the effects of payments would inform the public debate.}, keywords={repugnant transactions;efficiency;morality;markets;preferences}, }