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Saving lives with stem cell transplants

Author

Listed:
  • Bergstrom, Ted
  • Sheehan-Connor, Damien
  • Garratt, Rodney J
Abstract
Blood stem cell transplants can be life-saving for some patients, but the chances of finding a matching donor are small unless a large number of potential donors are evaluated. Many nations maintain large registries of potential donors who have offered to donate stem cells if they are the best available match for a patient needing a transplant. An alternative source of stem cells, umbilical cord blood, is stored in banks. Everyone faces a small probability of needing a transplant which will increase their likelihood of survival. The registries and cord blood banks are thus an interesting example of a pure public good with widely dispersed benefits. This paper explores the gains in survival probability that arise from increased registry and bank sizes and uses value of statistical life methods to estimate benefits and compare them to costs. Our results suggest that for the United States and for the world as a whole, the sum of marginal benefits of an increase in either the adult registry or the cord blood bank exceeds marginal costs. However, marginal benefit-cost ratios for the adult registry are much greater than those for the cord blood banks, which suggests that to the extent that these two sources of life saving compete for public funds it may be preferable to prioritize expansion of the adult registry over cord blood banks. Copyright Springer Science+Business Media New York 2015
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Bergstrom, Ted & Sheehan-Connor, Damien & Garratt, Rodney J, 2015. "Saving lives with stem cell transplants," University of California at Santa Barbara, Economics Working Paper Series qt57w7r9s8, Department of Economics, UC Santa Barbara.
    • Handle: RePEc:cdl:ucsbec:qt57w7r9s8
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    Cited by:

    1. Bergstrom, Ted & Garratt, Rodney & Leo, Greg, 2019. "Let me, or let George? Motives of competing altruists," Games and Economic Behavior, Elsevier, vol. 118(C), pages 269-283.
    2. Eyting, Markus & Hosemann, Arne & Johannesson, Magnus, 2016. "Can monetary incentives increase organ donations?," Economics Letters, Elsevier, vol. 142(C), pages 56-58.
    3. McTaggart, Ken & Killeen, Donna, 2018. "Modeling the optimal ethnic composition of an adult stem cell registryAuthor-Name: Blake, John T," European Journal of Operational Research, Elsevier, vol. 264(3), pages 884-893.

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    Keywords

    Social and Behavioral Sciences;

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets

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