Commercial agencies and surrogate motherhood: a transaction cost approach.
In this paper we investigate the legal arrangements involved in UK surrogate motherhood from a transaction-cost perspective. We outline the specific forms the transaction costs take and critically comment on the way in which the UK institutional and organisational arrangements at present adversely influence transaction costs. We then focus specifically on the potential role of surrogacy agencies and look at UK and US evidence on commercial and voluntary agencies. Policy implications follow.
Galbraith
Mhairi
M
Department of Economics, University of Strathclyde, Sir William Duncan Building, Strathclyde, Glasgow G4 OGE.
McLachlan
Hugh V
HV
Swales
J Kim
JK
D003132:Commerce / Q000191:economics* / Q000941:ethics; D032982:Contracts / Q000941:ethics / Q000331:legislation & jurisprudence; D003365:Costs and Cost Analysis; D005249:Fees and Charges; D006801:Humans; D009014:Morals; D009937:Organizational Objectives / Q000191:economics; D009938:Organizations / Q000191:economics / Q000331:legislation & jurisprudence*; D013533:Gestational Carriers / Q000331:legislation & jurisprudence*; D035501:Uncertainty; D006113:United Kingdom; D014481:United States