Markets in everything: Discount babies

The paper found that price does play a significant role in choosing a child to adopt—perhaps enough to overcome racial bias. But for the black child market to clear, prices must fall further. The paper finds the cost of adopting a black baby needs to be $38,000 lower than the cost of a white baby, in order to make parents indifferent to race. Boys will need to cost $16,000 less than girls.

via Markets in everything: Discount babies | The Economist.