Class Notes (1,100,000)
CA (620,000)
Ryerson (30,000)
ECN (1,000)
ECN 340 (200)
Lecture

ECN 340 Lecture Notes - Peanut Butter, Holding Hands


Department
Economics
Course Code
ECN 340
Professor
Thomas Barbiero

This preview shows half of the first page. to view the full 2 pages of the document.
Chapter 7: Sexual Behavior
- Sex is simply another service that is wanted and supplied
Economic Characteristics of Sex
- Sex as a service
- Holding hands
- Kissing
- “Petting” Touching
- Intercourse
Different Sexual Practices
- Immoral? value judgement, not immoral
- A matter of taste
Intensity
- For most, it is the intensity of the sexual experience that make it so appealing
- Most willing to pay higher cost to experience it compared to having a peanut butter sandwich
- Interpersonal utility comparisons impossible to do cannot compare peoples pleasure level
Law of Demand and Sex
- As price rises, quantity demanded falls
- Prostitutes know this very well: higher price, fewer “tricks”
- Men demand more units of sex as price drops
Women and Sex
- Generally, women want less sex, although it depends on cost
- Men’s job is to decrease cost of sex and increase quantity demanded
- Contraceptives have greatly reduced the cost of sex, therefore sexual activity is up
Cost of Sex
- Opportunity costs
o Time
o Energy
o Risk of pregnancy
o Risk of STD’s
o Other costs? Guilt?
Sex and the Rich and Poor
- Who has more sex the rich or the poor? Rich have more sex
- Higher income groups consume (produce) more sex
Sex as a Co-Operative Experience
You're Reading a Preview

Unlock to view full version