Kempf, Hubert; Moizeau, Fabien; Jaramillo, Fernando - 2003
and from a social status effect. Individual incomes are unobserved and admission to a club is based on the inference of an … individual's capacity to contribute to the public good. By entering in a club, individuals also gain a certain social status … club good and social status, people may be induced to overspend in the conspicuous good. We characterise both the pooling …