RENO

Bruce Springsteen

To listen to this song, click here.

Bruce Springsteen sings about the demand and supply of sex and the subsequent equilibrium prices of different acts in "Reno." Why might some activities result in a higher price than others? Steven Levitt and Stephen Dubner in SuperFreakonomics provide some evidence that the price of vaginal sex with prostitutes in Chicago is about $80 and oral sex is $37. Why, if Springsteen can be believed, might sex be more expensive in Reno than Chicago?

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Trade Creates Value