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Conspicuous consumption and satisfaction
Winkelmann, Rainer - 2011
very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption … externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results … municipality of residence has a negative impact on own income satisfaction. -- Ferrari ; Porsche ; status ; consumption externality …
Persistent link: https://www.econbiz.de/10009739426
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Conspicuous consumption and satisfaction
Winkelmann, Rainer - In: Journal of economic psychology : research in economic … 33 (2012) 1, pp. 183-191
Persistent link: https://www.econbiz.de/10009488932
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Conspicuous Consumption and Satisfaction
Winkelmann, Rainer - 2012
very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption … externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results … municipality of residence has a negative impact on own income satisfaction …
Persistent link: https://www.econbiz.de/10014175781
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Waves in Consumption with Interdependence Among Consumers
Cowan, Robin; Cowan, William; Swann, G. M. - 2004
In this paper we model the development of consumption when there are interactions between consumers. The consumer recognizes three reference groups: peer, distinction, and aspiration. The interplay of aspiration and distinction can lead to 'waves' in consumption; for example, the avant-garde...
Persistent link: https://www.econbiz.de/10014029481
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Chapter 3. Preferences for Status : Evidence and Economic Implications
Heffetz, Ori; Frank, Robert H. - In: Handbook of social economics : volume 1, (pp. 69-91). 2011
This chapter brings together some of the recent empirical and experimental evidence regarding preferences for social status. While briefly reviewing evidence from different literatures that is consistent with the existence of preferences for status, we pay special attention to experimental work...
Persistent link: https://www.econbiz.de/10014025700
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Income inequality and saving in a class society : the role of ordinal status
Haagsma, Rein - 2018
This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non-cooperative game where each player’s payoff depends on her present and future consumption and her rank in the present consumption distribution. The setting is a pooling...
Persistent link: https://www.econbiz.de/10011877943
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Income inequality and saving in a class society : the role of ordinal status
Haagsma, Rein - 2018
This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non-cooperative game where each player's payoff depends on her present and future consumption and her rank in the present-consumption distribution. The setting is a pooling...
Persistent link: https://www.econbiz.de/10011789399
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Gambling to leapfrog in status?
Friehe, Tim; Mechtel, Mario - 2014
This paper shows that households with positional concerns and convex status utility use gambling to attempt leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for Germany, proxying the status orientation of households by...
Persistent link: https://www.econbiz.de/10010240591
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Luxury car owners are not happier than frugal car owners
Okulicz-Kozaryn, Adam; Nash, Tim; Tursi, Natasha O. - In: International review of economics : journal of civil economy 62 (2015) 2, pp. 121-141
Persistent link: https://www.econbiz.de/10011389981
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Are pro-environmental consumption choices utility-maximizing? : evidence from subjective well-being data
Welsch, Heinz; Kühling, Jan - 2010 - Rev. version
This paper studies whether pro-environmental consumption choices are consistent with utility maximization and what role the consumption behavior of reference persons and one's own past behavior play in this context. By combining data on individuals' pro-environmental consumption from a unique...
Persistent link: https://www.econbiz.de/10010442764