ECN 340 Lecture Notes - Lecture 3: Tim Harford, Paris Hilton, Teenage Pregnancy
15 Feb 2016
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We would get more people out of a room in a single file compared to having everyone panic. Reckless driving increases because we have all safety equipment. Prostitutes know this very well: higher price, fewer tricks even if demand is inelastic (meaning?) Inelastic: as price goes up the amount of sex doesn"t change a huge amount. Both men and women demand more units of sex as price drops. Generally sex is more costly for women. Thus women use their high cost reproductive resources with. Both biological and economic costs explain the difference in. Contraceptives and legalization of abortion have greatly reduced. What do you give up to have sex. Opportunity cost more care than men sexual strategies between males and females the cost of sex, therefore sexual activity is up. Put effort: time including the time for winning and dining, risk of pregnancy, risk of std, guilt, reputation, energy. Who has more sex, lower income groups or higher income groups.
