In this seminar we consider two contributions that examine how far one may want to use markets as a means of regulating scarcity. The paper by Sandel instead is a synthesis of his view that there are limits to the use of markets.
Coase ‘The Federal Communications Commission’ (1959) 2 Journal of Law and Economics 1
Eric Posner, Stephen J. Choi & G. Mitu Gulati, ‘Altruism Exchanges and the Kidney Shortage’ (Coase-Sandor Institute for Law &Economics Working Paper No. 630, 2013)
Sandel ‘How Markets Crowd Out Morals’ The Boston Review 1 May 2012 (link here: http://www.bostonreview.net/forum-sandel-markets-morals)