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Econ 4040 1st Edition Lecture 9 Outline of Last Lecture I. Review for the Exam Outline of Current Lecture II. Surrogacy Current Lecture Surrogacy and pregnancy is not an accident but a contract, how should responsibility be divided Many desire children and adoption practices are very stringent in the US and in foreign countries- this shortage gives rise to a surrogacy market However women cannot sell children and given that there is a shortage there is a market wherein financial payment could be arranged for children to be sold or surrogacy to be used Given that there are increased opportunities for women whether deferred child birth or given that single motherhood is less stigmatized, the demand for babies is rising and the supply of babies is lowering Fertility treatments are prohibitively expensive and aren’t guaranteed to work Black market- clearly illegal purchase of children Grey market- using a lawyer to build a contract with a pregnant woman Biological and adoptive parents are both better off- total welfare is maximized Children may be aborted- potentially better off- or would they be better off in the homes of adoptive parents? These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.

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