ECN 340 Lecture : Lecture 4
Document Summary
Sexual behaviour: sex is simply another service that is wanted and supplied. Economic characteristics of sex: sex as a service, holding hands, kissing, petting , intercourse, etc. Intensity: foremost, it is the intensity of the sexual experience that makes it so appealing, most willing to pay higher cost to experience it compared to having a p. b. sandwich. 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 probably true. Sex and the rich and poor: who has more sex the rich or the poor , higher income groups consume (produce) more sex. Sex as a co-operative experience: must be co-operatively produced and enjoyed, thus, we look for someone who performs. Joint nature means pursuing the same goals: for the particular sexual activity there is no competition between the two, sex forces people to work together.