%0 Report
        %A Elias, Julio
%A Lacetera, Nicola
%A Macis, Mario
        %T Efficiency-Morality Trade-Offs in Repugnant Transactions: A Choice Experiment
        %D 2016
        %8 2016 Sep
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 10187
        %U https://www.iza.org/publications/dp10187
        %X 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.
        %K repugnant transactions
%K efficiency
%K morality
%K markets
%K preferences