Jaramillo, Fernando; Moizeau, Fabien - In: Journal of Public Economic Theory 5 (2003) 1, pp. 1-24
This paper develops the idea that conspicuous consumption has an impact on social segmentation, i.e., on the partition of the society into communities. Even though agents do not value conspicuous goods per se, they are competing in a signalling race in order to benefit from social interactions...