Rahul Iyer

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The brothel tries to take risk out of the equation at every possible step. If a customer pays with his credit card, the charge appears on his statement under a harmless-sounding name. The buyer values the safety of legal sex work so much that he’s willing to travel and pay a large premium; this in turn gives legal brothels market power and the ability to impose big markups for their services.
An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk
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