I was wondering how you would call a market for kidney donors and recipients, where you have many 'buyers' and many 'sellers'. However, the 'seller' can only 'sell' his/her 'product' once. Since it's illegal to sell kidneys, the market structure is a little bit vague for me to categorize. Suppose selling and buying kidneys would be legal, how would that market be called?
1 Answer
Generally, these types of markets are called matching markets. That's also the same term given to a variety of economic decisions and market structures, from school choice to some types of marriage problems.