Mujcic, Redzo; Frijters, Paul - In: Journal of Economic Behavior & Organization 111 (2015) C, pp. 59-70
We present a simple model of status-seeking over multiple socioeconomic domains by introducing the concept of conspicuous health as an argument in the utility function, in addition to the well-established conspicuous consumption term. We explore the implications of such a utility function for...