Encyclopedia of Law and Economics

Living Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Adoption

Living reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7883-6_586-1

Abstract

Historical and recent developments in legal economic analysis of adoption the United States reveal changing supply and demand of children and the emergence of submarkets for adoption through agencies (public or private) and independent adoptions. Curent legal rules against baby-selling and adoption agency practices mask the existence of adoption markets by banning payments to birth parents yet exempting payments to agencies and other adoption professionals. Economic proposals seek to narrow gaps between supply and demand by creating incentives (or removing disincentives) through substitutes, subsidies, and reduced transactions costs. These solutions could prevent a good number of would-be parents from remaining childless, provide homes for many children who currently languish in foster care or group homes, and better recognize the costs that adoption imposes on birth parents.

Keywords

Foster Care Adoptive Parent Birth Parent Lower Transaction Cost Adoptive Family 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Further Reading

  1. Statutes regulating payment of birth mother expenses: Ind. Code § 35–46–1-9 (2013); Md. Code Ann., Fam. Law § 5–3A-45 (2013); In re Adoption No. 9979, 591 A.2d 468 (Md. 1991)Google Scholar

Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.Francis King Carey School of LawUniversity of MarylandBaltimoreUSA