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With a personalyou can read up to articles each month for free. Already have an ? Log in. Log in through your institution. Go to Table of Contents. Prostitution is a multi-billion dollar, globally distributed, low-concentration service industry that is receiving increasing attention in the economics literature. This article focuses on a widespread, but little studied, feature of this environment—the role of intermediaries pimps or brothel owners on market outcomes. Prostitution laws and markets are perhaps unique in that transactions between principals prostitutes and johns are legal in many countries, while intermediary activity pimping is illegal.
After surveying the varying cross-country legality of agents we develop a simple theoretical model to analyze how the presence or absence of intermediaries shifts the distribution of market surplus. We show that eliminating pimps and brothels may shift surplus in non-obvious ways, depending on the precise function they perform and on whether equilibrium is Mexican prostitute prices or separating across "high quality" and "low quality" market segments.
The implications of alternative policy regimes intermediaries legal or illegal are considered. The Southern Economic Journal features original, refereed scholarly articles in all areas of economics as well as contributions on the pedagogy of economics. In addition, the journal serves members of SEA and other readers interested in economics through the publication of book reviews, and announcements. The Southern Economic Journal has been published quarterly by the Southern Economic Association since its inception inand currently contains approximately 1, printed s per year. The Southern Economic Association SEA was founded in to further the education of scholars and the public in economic affairs.
Toward this end, the organization seeks to stimulate interest in and disseminate of recent research in theory, policy making, business practices, and regulation. Currently, SEA has approximately 1, members worldwide, and more than 1, additional institutional subscribers to the journal. The Association holds its annual conference meetings in November, and publishes quarterly the Southern Economic Journal.
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Ability to save and export citations. Custom alerts when new content is added. Abstract Prostitution is a multi-billion dollar, globally distributed, low-concentration service industry that is receiving increasing attention in the economics literature. Journal Information The Southern Economic Journal features original, refereed scholarly articles in all areas of economics as well as contributions on the pedagogy of economics. Publisher Information The Southern Economic Association SEA was founded in to further the education of scholars and the public in economic affairs.Mexican prostitute prices
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