Blood on Silk: Price taker, price maker

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Fiona Davies Blood on Silk: Price taker, price maker,

2015  found objects, sound video and print  420 x 220 x 80cm

Installed at the Drabee Road Nursery, Kandos, NSW. Australia as part of Cementa_15.  April 2015

The manner in which the market works  for a person  producing  and selling their own blood, blood products  or body organs is very similar to that for agricultural production.  In this context price takers are those whose market activities have limited effect  on the market price they receive.

Additional Reviews:

cementa6 Arts Hub

IMG_2474 Six to Eight by Fleur MacDonald

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Radio Interview on Blood on Silk, Death, Cementa 15 and some of the rest of life’s great questions.

Interviewed by the great Leah Haynes on radio EastideFm  earlyish in the morning of the 23rd March . My interview overlapped with the very fine visual artist Nicole Barakat. Over the years we have worked together and are both in Cementa15  at Kandos, April 9th to 12th.  So a great chance to catch up with what she’s up to as well.

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http://eastsidefm.org/arts/artsmonday/

Go to this page and scroll down to the bottom, find the 23rd March  and click to stream the programme.

Delivering Impact – Blood lines spelled out

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Monash University Magazine, Delivering Impact – Blood lines spelled out.

This was an idea I saw proposed a year or so ago. Great to see it is in practice. Anything that reduces the possibility or unintentional error has to be a good thing.

Musings on being just a price taker ?

 

I’m thinking about the way the market operates for a person who produces and sells their own blood or blood products  and the possibility of  similarities to the  manner of operation of  the markets for agricultural products .  In particular the idea of being  a price taker not a price maker.

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Price takers are defined as those whose market activities have limited impact on the market. Their sales  are so small it’s hard to notice whether they are in or out of the market. On the other hand a single player, even if large, is also hard to notice when in a crowded market

In Australia the reaction of many farmers and graziers to the lack of control inherent in  being a price taker was to organise into larger groups to negotiate for higher  prices for their produce.  This doesn’t seem to have happened with people who produce and sell thier own blood.

In many countries  only blood that is donated goes into the transfusion market. It is generally believed that donated blood has a higher probability of  its risks of disease etc being closer to those described in the forms filled out by the producer i.e. someone who donates who has had a disease or exposure to risk in their past is more likely to reveal it.

Blood products however such a plasma, openly operate in different manner even in countries where  the focus is on non monetary payment or reward for the  producer supplying their blood or blood products.( usually called donation).  There has been a rise in US websites suggesting the selling of plasma as a way of bringing extra money into a household.  One site suggested it could be up to $220 US a month. This is an excerpt  from a website giving tips on how to get some fast cash . Tip number three on the list was

3. Give blood.

Some plasma banks pay up to $35 per pint. In the United States, federal regulations state that an individual may donate two times in a seven day period, with a minimum of two days in between donations. DonatingPlasma.org provides details and a searchable plasma-bank database to help you find a plasma bank in your area.

http://xfinity.comcast.net/slideshow/finance-fastcashtips/give-blood/

Since 2005 the US Bureau of Labor Statistics has constructed price indexes for Blood and Organ Banks .  This index category is described by the BLS as measuring  the price change associated with providing a specific set of services related to the collection, storage, and distribution of blood and blood products and the storage and distribution of body organs.

It is not clear that this index must deal with payment to the producer,  but as it is based on what hospitals are charged for these products  you could presume those payments have been included but not described.

Anyway economics is interesting (gasp) and it is going to be interesting to see how this thinking impacts on my artwork. Comments and inputs please.