Rent a womb: Surrogate selection,investment incentives and contracting |
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| Authors: | Swapnendu Banerjee Sanjay Basu |
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| Institution: | 1. Division of Analytical Psychopharmacology, Nathan Kline Institute for Psychiatric Research, Orangeburg, NY 10962, USA;2. Division of Neurochemistry, Nathan Kline Institute for Psychiatric Research, Orangeburg, NY 10962, USA;3. Center for Dementia Research, Nathan Kline Institute for Psychiatric Research, Orangeburg, NY 10962, USA;4. Department of Psychiatry, New York University Langone Medical Center, New York, NY 10016, USA;5. Department of Cell Biology, New York University Langone Medical Center, New York, NY 10016, USA;6. Vascular Biology Center, Georgia Health Sciences University, Augusta, GA 30912, USA;7. Institute of Biosciences and Technology, Houston, Texas A&M University Health Science Center, Houston, TX 77030, USA;8. New York State Psychiatric Institute, College of Physicians & Surgeons, Columbia University, New York, NY 10032, USA;9. Department of Psychiatry, College of Physicians & Surgeons, Columbia University, New York, NY 10032, USA;1. Entomology Department, Navy Environmental and Preventive Medicine Unit Six, Pearl, Harbor, HI, United States;2. US Geological Survey, Pacific Island Ecosystems Research Center, Kiluaea Field Station, PO Box 44, Hawaii National Park, HI, United States;3. Environmental Health Division, Hawaii Department of Health, Honolulu, HI, United States |
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| Abstract: | We develop a model of gestational surrogacy, in which a childless couple faces heterogeneous prospective surrogates. High-type surrogates add more value but also have higher outside options. Surrogates can make specific investments for the overall well-being (care) of the unborn child. We show that, under noncontractibility, surrogates invest less (take less care) than the first-best. Couples are also more likely to choose low-type surrogates, who need less compensation for foregoing cheaper outside options. Hence the popular practice of making surrogacy contracts unenforceable might put the unborn child at risk. |
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