Economics of prostitution

Type :

Presentation

Pages :

6 pages

Format :

.doc

Published date :

02/20/2009

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction.
Economics as a study of 'decision making'.
The economics of prostitution according to the Laissez faire model.
1. Catering to the tourist and the conventioneers.
2. The police.
3. The types of prostitution markets.
4. Attracting a buyer.
5. Competing with oneanother to attract the tourist dollar.
Interpreting the laissez faire model using the city of San Francisco.
1. Some visible signs of the respect prostitute's show for the police.
2. The main reason for the modified laissez faire policies that prevail.
Recent social studies analysing prostitution.
Economic inquiry into prostitution.
Conclusion.
Bibliography.

Abstract

The market that buys and sells prostitution is very similar to other types of human interaction. It has deep roots in history and society, and has survived through the ages; resisting legal and economic uncertainties. It has become apart of Western culture just as much as much as fast-food and jewelery, it is an exchange between a willing buyer and a willing seller. Yet prostitution differs from these products too, as it sits in a market class all its own. For one, the product is sex, and sex is not necessarily an everyday topic for most people, or at least not in polite conversation. Secondly, prostitution is illegal in most of Canada and the United States. This illegality in the market includes both the supply side and the demand side, so that both parties in the exchange are risking arrest and penalty for their parts in the transaction.