Ghiglino, Christian; Nocco, Antonella - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2012
We introduce relative concerns in the form of conspicuous consumption in a standard economic geography model a la … Krugman. The primary intuition is that conspicuous consumption imposes a negative externality on some agents and generates a …, if workers of different classes interact via their relative concerns, conspicuous consumption is a centripetal force …