Let’s talk about sex: Discourses on sexual relations, sugar dating and “prostitution-like” behaviour in drug treatment for young people

Background: Sexual relations are a recurrent theme in drug treatment that aims for a holistic inclusion of concerns considered important in young people's lives. Nevertheless, it remains understudied how counselors attend to this theme Aim: To investigate the discourses on sexual relations in drug treatment for young people provided by the Scandinavian welfare state of Denmark Analysis: Drawing on qualitative interviews with 16 counselors the analysis first identifies three discourses that legitimize sexual relations as a theme in drug treatment by linking the theme to a) pleasure, b) risks, and c) problems. These discourses legitimize the theme by constructing sexual relations as part of the good life, as potentially harmful, or as related to past trauma triggering present problems. Second, the analysis identifies a gendered storyline on sexual relations in exchange economies, e.g., sugar dating, described by some counselors as “prostitution-like” behavior. Findings: The gendered storyline is almost exclusively linked to young women's behavior and produces a gendered shame by indicating deviant femininity. Simultaneously, the storyline taboos how the young men may experience vulnerable sexual relations in exchange economies Conclusion: Alternative discourses can provide a broader repertoire of subject positions to the benefit of all genders.

Dynamically complete markets under Brownian motion

This paper investigates how continuous-time trading renders complete a financial market in which the underlying risk process is a Brownian motion. A sufficient condition, that the instantaneous dispersion matrix of the relative dividends is non-degenerate, has been established in the literature for single-commodity, pure-exchange economies with many heterogenous agents where the securities’ dividends as well as the agents’ utilities and endowments include flows during the trading horizon which are analytic functions. In sharp contrast, the present analysis is based upon a different mathematical argument that assumes neither analyticity nor a particular underlying economic environment. The novelty of our approach lies in deriving closed-form expressions for the dispersion coefficients of the securities’ prices. To this end, we assume only that the pricing kernels and dividends satisfy standard growth and smoothness restrictions (mild enough to allow even for options). In this sense, our sufficiency conditions apply irrespectively of preferences, endowments or other structural elements (for instance, whether or not the budget constraints include only pure exchange).

An Experimental Comparison of Two Exchange Economies: Long-Lived Asset vs. Short-Lived Asset

The Lucas tree model [Lucas RE Jr (1978) Asset prices in an exchange economy. Econometrica 46(6):1429–1445.] lies at the heart of modern macrofinance. At its core, it provides an analysis of the equilibrium price of a long-lived asset in an exchange economy where consumption is the objective and the sole purpose of the asset is to smooth consumption through time. Experimental tests of the model use a particular instantiation of the Lucas model. Here we adopt a different instantiation to the first two, extending their analyses from a two-period oscillating world to a three-period cyclical world; this is partly to test the robustness of their results. We also go one step further and compare this solution (to a consumption-smoothing problem), in which consumption claims are traded via the long-lived asset, with the alternative solution provided by a market, in which agents can directly trade (short-lived) consumption claims between periods. We find that the latter exchange economy is more efficient in encouraging consumption smoothing than the economy with the long-lived asset. We find evidence of uncompetitive trading in both markets. This paper was accepted by Yan Chen, decision analysis.