Economics of Love [Part I]
Girls and supply, guys and demand, for all in this market - let’s call it market “ReLove” (I coiled this from relationship and love), the power of scarcity, the equilibrum price in ReLove, a price at which a guy will love a girl and the girl in turn agrees to be loved and love back. There happens to be a trade which makes [hopefully] both parties better off - in reLove where Relationship is often traded, sometimes, sex is traded, and maybe sometime there’s a disruption in sex sector when factors like STDs come in.
Recently, I have been trying to understand the concept of relationships from a different perspective unlike I have discussed in [h]previous post [hyperlink], I decided to liken relationship to markets and economics concept which I found quite similar and strickingly interesting in so regard. For this, I would build on the analogy I already illustrated in our reLove market. So, for does who think economics can help them fall in love, let’s get into the fun:
Pretty Girls, Demand and Scarcity
Economics, is the study of scarcity. In essence as most would agree, anyone with the power to influence scarcity over a certain market, has the power to rule that market.
This might simplistically explains why pretty girls attract more potential partners than girls with lesser potential. So, like suppliers in any market - girls would try to increase their competitiveness with things like make-ups and the like. Now what happens to our reLove market is that competition increase and guys then to have more choices which in effect will reduce the value of girls.
And here again, my subsequent point explains why guys are less willing to commit than girls are. Oh, many might argue, then why are guys the one doing the chasing just like real markets that producers and suppliers chase consumers and rarely is it vice versa?
Letting aside the cultural effect that limit the amount of girls (which I think of here as suppliers) chasing guys (which I regard as consumers), a more economic answer will be the fact that in some way, as already explained girls have scarcity power that makes them rule the world of guys where guys don’t really have choices (except in absurd cases where a man might decide to date a monkey or some other animal).
So I might actually suggest that make-ups for girls should be subsidized to encouraging its use which would limit the amount of scacity power that pretty girls would have. Or, how about offer free make-ups to unengaged girls (for which I would assume no otherwise engaged girl would claim being engaged).
Hoooked Girls and Cost-push inflation
It might be insane if I suggest that girls should be paid not to get engaged too soon to a partner. Then the question would arise: how old is too old or what about the issue of chaeting where girls claim they are not engaged when they are.
I might not address all this question in this aricle (I would still live a perfect solution for some other time).
Let’s say hypothetically, we have seven girls and ten guys in reLove, naturally, the cost of obtaining any of this girls will be already high as there is an imbalance in the market already. Then, let’s suppose a girl, Jill gets engaged to Jim another single guy in this market, that leaves 9 girls to 6 girls which will even toughen competition because if things continue at this rate, their will be a consumer (the guys) deficit of 3.
So, how does this relate to the real world and our real case? For every girl that gets engaged sooner makes it a chance less unlikely for another guy of getting a girl someplace somewhere. Which effect would make other girls who knows that their are fewer of them from high number of guys to choose from would demand high cost on having them - what a costly price to pay for a date.
Ok, I know, some might find my ideas completely non-feasible but wouldn’t hurt anyone to hypotezise. When the Wright brothers proposed “flying-iron,” everyone thought it impossible back then - hopefully no one would doubt that today.
For my all time favorite which has actaully never being in writing, I propose an economic way to cure our hypothetical market (reLove) of AIDS and other STDs in the next part.
