Sexual Ecnomic Theory.

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Sexual Economics Theory
A heterosexual community can be identified as a place where men seek to get sex from women in bartering for financial or other resources. In most of these scenarios, women are defined as sellers while men as buyers of sexual favours. This essay explores economic principles in sex that suggest that sex costs depend upon supply and demand, product variations, secret agreements and competition between sellers and other factors (Baumeister and Vohs, 2004). The essay addresses the topic by pointing the issue and giving evidence to support the point.
Sexual economics theory (SET) points to sex as something having a transactional value where men provide resources and status while women contribute sex. But there exists a notion that sexual favours of women have more worth compared to men (Baumeister & Vohs, 2004). Evolutionary evidence suggests that sexual favours of men are worthless due to intense sexual drive in men (Symons, 1979). While, in terms of historical point of view, subjugating women has transformed sex into a tool for economic exchange (Cott, 1979). These activities have created a marketplace for sex where men take sex by women as a hard to obtain commodity. This has increased the demand and value of sex and has made women restrict its supply according to their own will. However, some evidence gives an insight into varying dynamics of supply and demand in sexual economics as represented by the landmark research by Guttentag and Secord (1983). Their work shows that sexual norms are considerably affected by imbalanced gender ratios. It suggests that in sexual economics, it is the minority whose preferences dominate the marketplace rather than the majority. Evidence can be taken from the wars when several men are killed, this increases the supply as compared to the demand thereby decreasing the sex price (Schmitt, 2005) Contrastingly, if men exceed the women, sexual norms becomes more prudish with less extramarital/premarital sex affairs and high sex prices obviously because the demand is exceeding the supply (Baumeister et al., 2017). Therefore the sexual economics cannot entirely be linked to women as the marketplace has its dynamics as well.
To see whether SET is useful, one can evaluate it by the concept of good theory (Higgins, 2004). To test a theory for certain criteria, the theory should be treated as it is and should not be dismissed or improved into what it is not (Higgins, 2004). To understand whether male or female benefits from the Sexual economics theory, the SET theory can be analysed in terms of its advantages and disadvantages…….